“I don’t like the idea of borrowing against the house — it’s our greatest asset — and I would not want to pay off an unsecured debt like credit cards with property as collateral if something were to happen and we couldn’t pay the loan,” says Mihocik, who ended up cosigning her husband’s personal loan application.When former Bankrate editor Courtney Mihocik and her husband sought to pay off his credit card balances, they determined that a personal loan was a better than tapping home equity.How one family use ...