How Much Will I Save: The exact amount you owe determines savings. Yet in most cases, consolidating consumer debt results slashes high interest rates. Converting an adjustable rate mortgage to a fixed rate is the second most popular means for reducing monthly payments.

Why do so many people consolidate credit card debts? If you make the minimum payment on your credit card, over 98% of your payment goes toward interest. If you miss one payment, the late fee alone can erase your principal payments for the year! Anyone who carries credit card balances over to the next month should strongly consider consolidation - to slash interest charges by up to 75% or more. To make personal budget improvements permanent, use a fixed rate mortgage with a 30 year term. This way, when making the same personal payment toward these debts, 75% of your payment reduces the budget amount you owe instead of 2%. Wouldn't you rather pay off your credit card debt completely in two years, rather than let them grow larger, forever?

Over time, fixed rates save money: Any time interest rates rise, your fixed rate personal mortgage grows more valuable. Near record low fixed rates are available today. But rates are rising. And all recognized economists confirm the rate will climb higher. The Chairman of the Federal Reserve confirmed this trend, proven by 16 consecutive quarterly interest rate hikes over the last four years. Rates today are going up. And for the moment, you can lock in one of the best rates and budget improvements available at any time during the last 40 years.