Many people can yield substantial savings when they look at refinancing to pay off debt.
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In this episode of our mortgage financing series, we look at a refinancing to pay off debt review.
It is extremely easy to amass considerable consumer debt and before too long we need to question the decision to look at refinancing in order to pay off debt.
Technically it has more to do with reducing the interest payments you are making and turning the high interest consumer debt in to a lower interest refinancing product with your mortgage.
This refinancing to pay off debt review makes sense on multiple levels. Firstly, our tendency with consumer debt is to make minimum payments only which leads to a situation where we are constantly burdened by high interest rates and debt.
Without a correction, the situation can compound to the point where we may consider a bankruptcy which can be avoided if we consider refinancing to pay of debt.
We hope you enjoy our mortgage financing series and encourage you to watch the refinancing to pay off debt review video to the end.
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For more information on mortgage financing or if you need a mortgage broker, contact Tracey Brock.
Visit: http://www.TraceyBrock.ca
Direct: 416.788.6207
Mortgage Broker M09001257
Mortgage Financing Series | Refinancing To Pay Off Debt Review
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