A couple of years ago, Larry and I had ran up quite a bit of credit card debit, and were spending an incredible amount on monthly payments without the balance going down. Fortunately, the equity of our house had gone up and after making some calculations, we realized that if we took out a home equity loan, we could pay off our credit cards and renovate the kitchen. Our overall monthly payment didn't increase much at all, and we love the new kitchen. With interest rates still being pretty low, if you need the extra money, a home equity loan may be worth checking in to.
Opinions are mine; however, the post is sponsored.