If you are saddled with debt that you want to pay off, there are a few options available. One of those being, a home equity loan. If you are willing to put your home at risk and have the discipline to pay the money back, this might be a great idea. The advantage to this is a lower interest rate. Also, home equity loans are generally faster to get approved for than a mortgage loan.
Don’t get carried away with this. You could end up racking up more credit card debt and be in worse shape than when you started. Home equity loans should only be used for covering costs of large purchases or an unexpected emergency.