Before choosing your loan option, have your lender compare each option against the other two, and get a second opinion. [substeps] Second mortgage: you borrow against the equity in your home and receive a lump sum.
[header] How to pay off student loans with a mortgage [title] Identify the types of mortgage loans available. [step] You can typically get a second mortgage (home equity loan), cash-out refinance loan, or a home equity line of credit (heloc). Each of these loans has benefits and drawbacks that you will want to discuss with your lender.