Using a house equity mortgage to refinance existing debt has clear pros and cons. The key advantage is always that mortgage rates are often less than charge card rates.
In 2006, Robert Wiedemer, his brother David, and co-author Cindy Spitzer, wrote a book titled “America’s Bubble Economy” in which they predicted a series of “bubbles” and “busts” that would negatively affect the economy of the United States. In particular they addressed the Real Estate and Stock Market bubbles. Their predictions proved to be accurate.