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Featured Article

Should You Refinance Your Home to Pay Off Credit Card Debt?

Credit card debt can be crippling, due to the excessive interest rates most companies are charging. It doesn't help that many people spend more than they can afford to repay, since making late payments results in additional fees and interest rate hikes.

When homeowner's find themselves buried under their credit card debt, many consider refinancing their home to pay them off. There are advantages and disadvantages to refinancing your mortgage to pay off credit card debt. There are also other options that may suit your financial situation better.

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The Mortgage Mentor Blog

Upside Down Homes

May 11,2008 @ 4:18 PM in Mortgage, Lending
Permalink | Comments (0)
An interesting thing is occurring. Property values are dropping as everyone knows. What effect does this have on the market? I did some checking today, and here is what I found. If you bought a home in 2006-2007, the property has decreased in value. This affects 77% of buyers. If you bought in 2007, the percentage is 71%. Market correction? To me, this is. Many homes have been overvalued for a very long time, and this...
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