If you need to consolidate credit card debt, then you may want to consider a home equity loan. There are some advantages to a home equity loan and it is a better option than a personal loan or balance transfer. A home equity loan allows you to immediately consolidate the debt and make it one affordable payment.
Home loans carry low rates, usually much lower than a credit card. This is because there is collateral which is your home. A secured debt will give you a better rate than a personal loan or credit card. These low rates will save you money in the long run.
A home loan is usually thirty years long. This can be a good or bad thing, but if you are looking to save money monthly and have lower payments, then a longer loan term will mean lower payments each month.