Home equity levels remain high, but using that equity to consolidate your debt can come with big trade-offs.

Each has pros and cons that homeowners need to weigh PM Images / Getty Images A cash-out refinance pays off your old mortgage in exchange for a new one, ideally at a lower interest rate than your ...

It can be tempting for some homeowners to tap their equity to pay down large credit card bills — especially now, with credit card debt and home equity at a record high. That's because home equity ...