I love deals.
Sale shoes. Day old bread. Debt.
(click on the bold-faced vocab words:))
If I’m going to pay off my debt, why not pay it off as cheaply as possible?
A mortgage’s interest rate can be lowered when refinanced.
If the interest rate associated with a line of credit is less than the one associated with my current debt, a deal is within reach!
Go grab it!
(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)