A Home Equity Loan For Debt Consolidation: Comparing The Pros, Cons, And Alternatives

If you’re a homeowner who’s taken on too much debt, a financial product known as a home equity loan may help you escape it.

Although taking on a home equity loan can be risky — after all, your house is used as collateral for the loan — the product’s rates are typically lower than those like credit cards or personal loans.

“As long as you have a steady source of income and know that you will be able to repay the loan in a timely manner, the lower fixed rates of a home equity loan make them a sensible choice,” says Richard Ortoli, co-founder of New York City law firm Ortoli Rosenstadt LLP.

About Ortoli Rosenstadt LLP

Founded in 2006, Ortoli Rosenstadt LLP is a New York based law firm representing global clients. With its attorneys' abilities to speak nine different languages, the firm is able to provide cutting-edge, solution-oriented legal advice to its clients in a wide variety of practice areas including corporate & securities, mergers and acquisitions, real estate, global mobility and employment, intellectual property, and litigation.

© 2022 ORTOLI | ROSENSTADT LLP

About Ortoli Rosenstadt LLP

Founded in 2006, Ortoli Rosenstadt LLP is a New York based law firm representing global clients. With its attorneys' abilities to speak nine different languages, the firm is able to provide cutting-edge, solution-oriented legal advice to its clients in a wide variety of practice areas including corporate & securities, mergers and acquisitions, real estate, global mobility and employment, intellectual property, and litigation.