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YourEquity.com

smart home equity user tips and guides

QUICK Financing Guide




Debt Consolidation

how best to payoff debts

use the equity in your home to become a BANK
to pay for

  • credit card debt,
  • auto loan debt,
  • student loan debt,
  • personal loans,
  • and even your mortgage loan debt,

    by simply changing the ways you manage your money.

Instead of using your checking account to receive and pay out funds, you will use your home equity line of credit account for all income deposits and expense pay outs.

View the illustrations below:

1st: Use the equity in your home to pay for home improvement

Use your equity line to pay off your current debts:

  • pay off credit cards
  • pay off auto loan
  • pay off student debt
  • pay off other
2nd: Deposit all of your scheduled income sources into your banker home equity line of credit account

You will take all of your scheduled income sources and deposit them into your equity line account instead of your checking account. Deposit:

  • salary income
  • capital gains
  • savings
  • spare change
3rd: Now use your banker home equity account to pay family expenses

Use your banker home equity account to pay for everyday budgeted and planned expenses such as:

  • monthly bills
  • food and clothing
  • mortgage payment
  • budgeted card charges
  • budgeted debt charges
  • other living expenses


use it like you would
use your regular
checking account
to pay for everyday
living expenses

Benefit: Your discretionary income pay offs your debt consolidation costs FAST!

Your discretionary income (the income amount minus your expenses) remains into your banker home equity line account to lower your home equity debt balance.

Over time, you will be able to pay off your financing debts in half the time by budgeting and managing your banker home equity line.

You can also use your banker account to finance other needs such personal debt, a new car, college and other.

Need More Information?
  • First Step:
    link to our "home banker" module to view this quick 10-point slide show that demonstrates how the Banker Line of Credit works:

    go to slide show



  • Second Step:
    use this 10-step success plan for implementing and managing your BLOC:

    view 10-step success plan


  • Third Step:
    see how the BLOC can be used to pay off your mortgage:

    view mortgage payoff plan
home improvement
financing checklist