Refinancing a home can be a very effective tool to lower your overall debt-ratio and free up liquid reserves to be utilized at another time in the future. While refinancing to lower an interest rate, it usually makes more sense to included high-interest credit cards and installment loans. By simply including your credit cards in a refinance, you’ve now created a larger mortgage interest deduction at the end of the year!


***And considering the average Sacramento resident, (and most California residents) do NOT keep their homes longer than 15 years, the argument that including credit cards in a mortgage refinance and “financing debt long term debts” is not accurate.


Paying a minimum payment on a credit card will not help anyone other than the credit company! (Before deciding, give us a call and lets look at the numbers side by side, and the potential income tax benefits.