payments on some accounts I was recently divorced, my daughter is in college. I fell behind on some payments on my credit cards in an effort to support my daughters educational needs. I have two homes with approx. $70,000.00 worth of equity. I requested from a local bank where i already have a note to borrow approx. $30,000.00 to pay off all cards and other debts. The banking institution refused my request, stating that i have some delinquent payment issues, on cards, etc. He stated since i have a note with them the only thing he can do, is re-adjust my payments on that particular note i have with them. I am new at this type thing, could someone please give me some advice? I am just trying to bail myself out of the hold that i am in, to make a life better for my daughter. Both homes have a lien on them with the bank.

Home Equity ?

Now that you know the basics about home equity, you might be wondering how you can increase it. To bluntly state the obvious, the way to increase your home equity is to simply increase the value of your home by making improvements. There are many ways you can do this. Whether you are looking to sell your house in the near future, or if you just want it looking as good as possible in order to maximize the loan amount you can receive for it, there's no better way to increase your home equity than doing some work around the house.

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