These are two worlds that are beginning to collide in the financial world. Some people use the equity in their home and sacrifice it to their mortgage in order to get relief from all their debts. Other people are trying to find the most efficient way to get rid of their mortgage debt. These two financial positions have been seen as opposing sides in the area of debt elimination. But there is a way you can do both—eliminate all your debts and your Mortgage.

In the past, people have used the equity in their home to consolidate their debt and find relief from the financial pressure caused by the high interest of credit cards. The problem is it is more like giving your house to your credit card company. It is like playing monopoly when you have to go back to go without collecting the two hundred dollars. And it can even feel more like going straight to jail.

It looks like a solution that is really no solution at all. And it ends up being, in a lot of cases, the beginning of a new path to even more debt and, finally, bankruptcy. But there is a real solution, and it is in the strategy of targeting both your high interest debt and also your mortgage—which leads to the plateau of financial freedom.

The secret is the same as it was before. You use an equity loan. But the difference is gigantic. Instead of taking out an Equity Loan to transfer your debt into a lower interest bearing account, you can use a Home Equity Line of Credit or HELOC, which is similar to a Credit Card account but with less interest, and you use it as a tool to get rid of other debts instead of transferring them to your mortgage. Then you can use the Line of Credit to leverage against your mortgage also.

With this method, there are people currently reducing their entire debt position down quite significantly.

Do you want to learn the best way to escape paying interest? You can get my free ebook, How to Significantly Lower the Interest on All Your Loans, Including Your Mortgage, and That Without Refinancing.

To get the free ebook, click here: Lower Interest On All Loans.

Alfred Spengly currently works with a company that has been registered with the better business bureau since 2006 with zero complaints. It is a company that strives for its customer's satisfaction, helping individuals and families manage their own money by providing the tools they need to establish their own financial security.

Personally, Alfred has worked in the financial field for almost 15 years.