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Sufficient income to refinance the property

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You have a friend who has $29,000 of credit card balance at 19.99%, $37,000 of unsecured line of credit balance at 9.7%, and $195,000 of mortgage balance at 4.2% where the house price is currently worth $500,000 and $22,000 of the student loan balance at 3.3%. Your friend wants to be debt free faster and has sufficient income to refinance the property. Recommend your friend some credit planning strategies.

Reference no: EM133207355

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