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Debt Consolidation
Debt Consolidation Mortgage
Debt Consolidation Mortgage
Debt Consolidation Mortgage - Taking out a loan against your home for the purpose of debt consolidation is a common practice, and with good reason. Typically, you’ll be paying off credit cards and other short-term debt with the proceeds from your mortgage loan. Those credit card interest rates are typically extremely high – perhaps more than 20 percent. By contrast, a mortgage will often have interest rates of less than half the current rate of your credit cards. In addition, you can deduct your interest rates from your home mortgage loan from your taxes – not true of credit card interest rates
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