You basically have a…

…couple of options to do a credit card debt consolidation. The first option is to refinance your 1st mortgage and roll the credit card debt into your main mortgage. This will normally provide you with a lower rate and overall better financing terms. Another option you have is to take out a fixed rate second mortgage or to take out a home equity line of credit to use to consolidate your credit card debt. This option is usually cheaper but you will most likely incur a higher interest rate than with a first mortgage. Both ways of credit card debt consolidation can be very beneficial to most consumers and they can offer many other benefits besides just your initial monthly savings.

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credit card, debt, interest, mortgage, refinance

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Tags: credit card, debt, interest, mortgage, refinance