But sometimes the distinction between “good” and “bad” debt isn’t so clear-cut.
In fact, because of this generalization, some people make the decision to refinance their home mortgage in order to free up money to pay off credit cards.
You don’t have to be overwhelmed by mounting bills or rising monthly expenses.
If you want to get out from under high interest rate charges from credit cards, student loans, or other forms of debt, then a cash-out refinance might be the solution for you.
Consolidating debt into a new mortgage program brings multiple debts into a single monthly payment.