Is actually a debt-Combination Refinance Good for you?

Is actually a debt-Combination Refinance Good for you? Debt-Integration Refinance Example John owns a property worth $650,000, that have a recent home loan towards possessions away from $300,000 at the an excellent 3.75% interest rate. John experienced specific monetary filters related to a job reduced very early 2020 when COVID became a worldwide pandemic, in which he could have been unable to pay new $50,000 within the personal credit card debt he accumulated during that time. With an intention rates from 17%, John’s personal credit card debt was costing him $703 per month inside the focus expenses by yourself.

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