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If you have high-interest debt, like credit cards, refinancing for debt consolidation can make it easier to tackle your debt. But there are also risks involved.
In almost any comparison, a mortgage APR is lower than a credit card APR. When mortgage rates are low, you may think its a no-brainer to use your homes equity to pay off credit card debt that has a double-digit APR.
But proceed with caution. Refinancing for debt consolidation comes wi…
Read the full article at: https://www.foxbusiness.com/personal-finance/refinance-for-debt-consolidation
