How to Boost Your Finances Without Cutting Spending: Consider a HELOC
In the Aug. 29 episode of Motley Fool Answers, Alison Southwick and Robert Brokamp are joined by recurring Foolish guest Nathan Hamilton to talk about financial fixes that don't involve the most common suggestion: reduce your spending. In this segment, he offers a somewhat controversial tip No. 4: If you have higher interest student loans or heavy credit card debt but you also own a house, you maybe able to get a much better rate by opening a home equity line of credit. True, it puts your house on the line if you default on the loans. But there are several reasons why it may be worth the risk.
A full transcript follows the video.
Source: Fool.com
