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You can borrow against the equity in your home with a home equity loan or line of credit. If you have credit card debt or other high interest debt, it may make sense to take out a home equity loan to pay them off. The interest rate on a home equity loan is often much lower than the interest rate on a credit card, and the interest you pay on a home equity loan may be tax deductible. Just be sure you use the loan to pay off those higher interest bills, and don't rack them up again. And remember, the home equity loan is secured by your house - if you can't make the payments, the bank can take your house.