Debt Consolidation by Citibank

One of the most popular uses for home equity loans is debt consolidation. By consolidating all your debt, you gain the freedom of replacing multiple payments with one monthly payment. Because the rate you’ll pay for your home equity loan is typically lower than for a credit card or personal loan, you may be able to reduce monthly payments by up to 10%. Know your payments will stay the same each month with a Fixed Rate Home Equity Loan (FRHEL). Or take advantage of the flexibility of a Home Equity Line of Credit (HELOC), which typically offers a lower up-front rate and access to funds whenever you need it.
At Citibank, you can take this advantage:

• Pay less per month
• Reduce your taxable income

Fixed Rate Home Equity Loan

A home equity loan has a fixed rate. It's also called a fully amortized loan - amortized simply meaning that your principal and interest payments are spread over the life of the loan. So you have a fixed, set payment each month that stays the same for the life of the loan.

• Have a structured payment plan. Know when your debts will be paid off by establishing a fixed payback term.
• No more variable rates. Move your credit cards over from a variable interest rate to a fixed rate.
• Create One Bill. Save yourself the headache of managing several payments, and roll all of your debts into one easy loan.
• Reduce your taxable Income. Your interest paid with a Home Equity Loan can potentially be 100% tax deductible.
  

I will present to all my blog readers about the equity line credit around the world.