If your debts are becoming hard to manage, and you are looking for a way of reducing monthly payments, consider debt consolidation. There are several methods of consolidating debt, but perhaps the best one is to use the equity in your home. The value of your home is likely to be higher now than it was when you bought it, so there should be some equity built up for you to use. The monthly payments you have been making have also been reducing the principal balance of your mortgage and increasing the amount of the available equity in your home.Read more…