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Should You Refinance Your Loan For Debt Consolidation?

Should You Refinance Your Loan For Debt Consolidation?

This is a discussion on Should You Refinance Your Loan For Debt Consolidation? within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; If you refinance your home mortgage, that means you get a new mortgage (at a lower interest rate) and use ...

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Mortgage Refinancing If your current mortgage has a high interest rate, you’re stuck in an adjustable rate mortgage, or you want cash out or to consolidate your debt, the answer to your mortgage problems is refinancing. Mortgage refinancing allows you to pay off the remainder of your existing loan by taking on a new loan with better terms. However, there are a number of mortgage refinancing options available to you. And within each of these options, there are particulars you need to be aware of.

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10-19-2008, 01:58 AM

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Should You Refinance Your Loan For Debt Consolidation?

If you refinance your home mortgage, that means you get a new mortgage (at a lower interest rate) and use the money to pay off the old mortgage (at a higher interest rate). In the process, you can usually get some "cash out", b.../b

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consolidation, debt, loan, refinance

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