poor credit histories, banks have been less willing to allow consumers to consolidate credit card debt into home equity loans or refinanced mortgages. Americans' debt woes expanding; unpaid credit card bills rising680 News, Canada -3 minutes ago...... Another important benefit of refinance mortgage loans is that gives the borrower more flexibility. It allows you to change terms from a long one to something shorter. In this way, you can pay off the principal more quickly, thus saving you from the total interest charges.
