Every homeowner can, and one time or another, benefit from some financial help. There are times when things are a bit tight, when monthly bills begin to get on top of one another and it fees like you are drowning in a sea of debt. But there is an answer for homeowners who are looking to raise a little extra capital - second mortgages. Second mortgages, or secured loans, are additional loans on the equity of your home. If you have a mortgage, but still have equity on the property, then why not unlock some of it with a second mortgage? Any homeowner could be eligible, and could benefit from the financial freedom second mortgages can bring.

Ease the pressure Second mortgages are the perfect solution for homeowners who need to ease the strain of debt. If you have bills coming from all directions - arrears, penalties or even bankruptcy on the horizon then don't worry - talk to your adviser and see if you have the equity in your property to ease the pressure of debt. Taking out second mortgages has been the saviour of millions of Brits, and could be the answer that you have been looking for.

And remember, second mortgages are your money - you earned it. So taking one out can cost you nothing accept a little of your time.

Consolidate debts You are not alone if you have debt problems, many Brits are using second mortgages to help them keep their heads above water - recent research** has shown shows there has been an 85% increase in homeowner loan applications in the quarter ending January 2008 compared to October 2007, as debt problems force 6.5 million of us to consolidate our debts. These statistics prove that second mortgages are a popular and well-documented way to control your finances. Don't let things get too much, talk to your adviser and join the 6.5 million other people who have taken the first step to a better night's sleep.

Invest back in your property Second mortgages are not only consolidation tools - they can also be used to help your property price grow. Many homeowners use second mortgages to fund DIY or renovation projects on their homes. Double-glazing, extensions, driveways and new kitchens can add a lot to your home, both for you and for any future buyers. Taking equity out of your property with second mortgages to help your property price is the perfect investment - and one that could actually make you money in the long run.

Use it wisely Whatever Brits do with second mortgages, an adviser will always tell them to use the money wisely. The equity in your home was accrued by you with years of mortgage payments and prudent saving - so don't waste it. Second mortgages can do so many wonderful things to help your life, but your equity is not infinite - second mortgages are still an extra debt that must be considered.

So whatever you need to do with the proceeds of second mortgages think before you sign on the dotted line - reorganise your finances and check your credit ratings before even considering a loan. These deals can be a great asset to your financial life, but second mortgages can just as easily become another financial bane. Talk to your adviser and make sure your loan doesn't come back to haunt you.

** research from MoneyExpert.com, March 2008