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Mortgage and credit card debt

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feliciabarber Joined: 30 Nov 2009 Posts: 1 1.25 Dollars($)	Posted: Mon Nov 30, 2009 10:14 am    Post subject: Mortgage and credit card debt Like 0 Dislike 0 I have two mortgages with high interest rates and I have high credit card debt. I don't have enough money to live because of my bills. What coud I do?
JKennedySLG Community Expert Joined: 01 Apr 2009 Posts: 408 Location: New Jersey/New York 20.05 Dollars($)	Posted: Mon Nov 30, 2009 12:51 pm    Post subject: Like 0 Dislike 0 A cash-out refinance to pay off the credit debt. After paying off the debts, it may be beneficial to close out a large majority of the cards in order to keep yourself from falling into a deeper debt. I hope this helps... _________________ James Kennedy New York/New Jersey (732)979-7409 Hard Money & Stated Income Loans First Time Home Buyers (540+ Credit)

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