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Debt Consolidation
Using a Home Equity Loan or Line of Credit to consolidate debt can be a good choice for homeowners with multiple credit cards or other types of unsecured loans.
Consolidating that debt into a single loan or line of credit secured by your home's equity will usually reduce your monthly payments. Plus, the interest you pay may be tax deductible 1.
To determine if a debt consolidation loan is the right choice for you, contact your nearest Wells Fargo Financial office.
Equal Housing Lender
1. All loans subject to credit approval. Consult your tax advisor regarding the deductibility of interest.