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Debt Solutions - Why Debt Settlements Work For Consumers in Financial Trouble

Re-financing a current home mortgage to launch equity without the fringe benefit of a rate of interest reduction might not be the most penny-wise approach. Similar to any mortgage there specify closing costs associated with the transaction that is primarily based upon the amount of the loan. On the other hand, a second mortgage for the purpose of extracting equity would generally produce a much smaller loan and as a result lower closing cost.

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