Consolidating debt into mortgage good idea

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Home equity loans or home equity lines of credit are another form of consolidation sought by some people, as the interest on this type of loan is deductible for borrowers taxpayers who itemize their deductions.

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When done correctly, debt consolidation can: There are several ways to consolidate debt, depending on how much you owe.This helps eliminate mistakes that result in penalties like incorrect amount or late payments.There are three major types of debt consolidation: Debt Management Plans, Debt Consolidation Loans and Debt Settlement.Why do people want to consolidate their credit card debts, student loans, and medical debt all into one payment?Because oftentimes they think it is a magic wand of sorts – that it will cause all their debt problems to disappear.

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