Think Before Re-Mortgaging

How NOT to deal with your debts Tip of the Day:

Don’t re-mortgage or obtain a second mortgage on your house if you can’t afford the increase in mortgage payments. True, your credit cards may be paid off, but if you can’t afford the mortgage(s), you could have a new set of problems to contend with.

Make a budget first, to be sure you can afford the payments.

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