Sentences with phrase «higher interest consumer debt by»

Although not the most prudent fiscal strategy, it is not uncommon for consumers to consolidate debt and pay off higher interest consumer debt by consolidating it into a lower interest mortgage.

Not exact matches

Consumers with high - interest debt — such as medical bills, credit cards, or traditional bank loans not tied to their mortgages — can save by rolling that debt into one low - rate consolidation loan from loanDepot.

But consumer debt is also the very thing that gets so many into trouble when they can't make payments or are challenged by high interest rates.

The borrower could be lowering his or her total outgo by hundreds of dollars by replacing high - interest consumer debt with low interest mortgage debt.

With credit card companies and student loan servicers charging such high - interest rates and fees, debt relief solutions can rescue consumers from being taken advantage of and ripped off by the banks.

Many financial analysts recommend consumers begin reducing their debt by paying more than the minimum payment on credit cards / loans with the highest interest rate.

More recently, we have turned to the advice and help offered by mortgage originators (independent, licensed mortgage brokers / agents) in our quest to consolidate high - interest consumer debt into lower - interest mortgage debt.

Ryan discusses the death of Osama Bin Laden; Ryan reviews the economic news of the week; Ryan notices the correlation between increased home sales and interest rate drops; Louis notes we can't expect the housing market to be supported by further decreases in rates as they are already near historic lows; Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and being locked in to an interest rate; Ryan advises the importance of keeping in touch with your mortgage lender; Louis notes that interest rates change a lot faster than home prices; Ryan notes that the consumer confidence was up, Ryan and Louis discuss the Fed's decision to keep interest rates where they are and to continue the $ 600 billion QE2 program; Ryan and Louis discuss the Fed's view that inflation is nascent; Louis notes that not only does the Fed not see inflation that exists but disclaims any responsibility for it; Louis asserts that there is a correlation between oil prices and Fed policy; Louis discusses Ben Bernanke's assertion that the Fed can't control oil prices but that they somehow can control the impact of higher oil prices on the rest of the economy; Louis also remarks on Bernanke's view of the dollar - the claim that a strong dollar can be achieved through the Fed's current policy as it is their belief that they are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress» spendthrift ways — if the Fed did not monetize the debt, Congress could» nt spend; Louis noted that as Bernanke spoke the prices of gold and silver rose as it seemed that the Fed has no interest in cutting off the easy money; the current Fed policy will keep interest rates low; Ryan notes that the Fed knows that they can't let interest rates rise because of the housing mess; Louis notes that the Fed has a Hobson's Choice - either keep rates low or let interest rates rise and cut off the recovery.