For some families beset by medial bills and other financial obligations resulting
from emergencies including the substantial credit card debt balances that followed a significant stretch of unemployment mortgage loan consolidation may indeed have sounded like the most efficient strategy. Most assuredly, if the appraisal values still exist (remembering that interest rates spiral upwards once the lien or liens against the house pass eighty percent Loan To Value), a refinancing of the primary mortgage that could incorporate credit card debt bills may slice Annual Percentage Rates down to the low single digits for approved borrowers. Of course, in return for the minimal rates, the heads of household must also keep in mind the likelihood that, unlike charged off credit card debt accounts, defaulted mortgages threaten foreclosure. A United States citizen's home will more than likely be his most important investment over a lifetime. That in mind, especially with such newfangled solutions as debt settlement negotiation reducing credit card debt balances by up to sixty five percent, all but the wealthiest borrowers should figure out some sort of system of compensation absent the dangers of putting a family on the street.