While interest rates are higher than they were during the COVID-19 pandemic, it is unlikely that we will ever see them that low again.
That being said, it makes sense to swap your higher-interest consumer debt for a lower interest rate.
Most of the time unsecured lines of credit and credit cards have an interest between seven to 20 per cent; mortgage rates are much lower than that.
Cait Holmes is a mortgage broker in the qathet region.
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