Consolidating debt on mortgage

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If you are considering doing this, realize that it’s rarely if ever a good idea to pay off credit card debt with the equity in your home.

The money from this new loan can then be used to pay off your student loan debt.Pro: Reduce Number of Payments Your two biggest bills each month are almost certainly your mortgage and your student loan payments.Staying on top of both these important types of bills can be daunting, especially if your student loans are divided amongst several lenders.However, the opinions expressed here are ours alone and at no time has the editorial content been provided, reviewed, or approved by any issuer.Everyone knows that credit card debt is “bad” debt due to the high interest rates on most consumer credit cards, while mortgage debt is often described as “good” debt.

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