Home equity loans are often used for home renovations and improvements. The money that you obtain is going back into your home, which helps justify the use of a home equity loan. A home equity loan may also make sense for debt consolidation, as you may end up with lower rates. In these situations, you can enjoy a lot of advantages from a home equity line of credit in Toledo, OH. A home equity loan from Superior Credit Union or a financial institution near you may result in lower interest rates compared to another type of secured loan.