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The Increase In The Credit
The increase in the credit card minimum payment is generally bad news for consumers who don’t own their own homes, however for homeowners this is an excellent reason to take advantage of the power of their home’s equity and finally consolidate those high interest rate credit cards and car loans and roll them into a 30 or 40 year mortgage, spreading out the payments at a very low rate of interest by comparison, and reducing the total monthly spend for your family in the process. And you’ll be even happier when you speak to your tax professional about how much money this will allow you to potentially deduct on your tax returns!
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