The Best Home Equity Loan Vs Consolidation References. What is a home equity loan for debt consolidation? A home equity loan is a type of secured loan in which the borrower’s home is used as collateral, whereas personal loans can be secured or unsecured by collateral.

Ad get matched with a broker, review rates and receive your funds in as little as 24 hours. Get cash for debt consolidation, renovation & more. Home equity loan interest rates are typically lower, because they are secured loans,.