1. DEBT CONSOLIDATION. Maybe the most common because it makes the most sense.
2. HOME IMPROVEMENTS. Adding value to your home and increasing the enjoyment factor is near the top of the list for reasons to get a home equity loan. There is nothing more fun than a new pool in the backyard or a new enclosed patio for a second family room.
3. COLLEGE EXPENSES. The dream of a lot of parents these days is to be able to send their children to the college of their choice. College expenses are growing at a rate higher than even medical expenses with no end in sight. In this day and age of a global economy a college education is almost a must.
