A HELOC can help you snag a lower interest rate to pay down debt, but they come with closing costs and using a home as collateral has cons.
Kaitlin Mulhere is a Writer/Editor at MONEY. She covers a diverse range of topics including finance, personal finance, real estate, and education, with a particular focus on academia, markets, and issues of fraud and corruption. Kaitlin's work has been featured in The Columbus Telegram, SAMMY A. CAVES, D.M.D., P.C., CUInsight.com, and Money.