Refinancing a mortgage is a popular option to pay off credit card debt. A refinanced mortgage should only be considered if you are going to change your future spending habits. If your mortgage is coming up for renewal, consolidating credit card and other high-interest debt into a new home loan can have serious benefits and translate into substantial savings.
Currently, mortgage rates are much lower than what a person would be paying for a credit card and line of credit. It makes sense to refinance the loan, to convert the credit card and line of credit debt into a new mortgage. The mortgage broker will help you to evaluate your financial situation and make you aware of all your options. To find out if refinancing your mortgage to pay off credit card debt is right for you, click here: http://bit.ly/2kNJLbh