March 8th, 2022 9:20 AM by Shawn Smith NMLS#863501
Consolidating multiple debts into one home loan is not for everyone. For instance, using your equity to have the equivalent of a 30-year car loan is rarely a great idea. But it may work if you have the discipline to take advantage of a low rate to speed up—rather than slow down—payment terms.
Consolidation can make debts disappear with less total interest expense than they would otherwise.
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