Time To Reduce Debt

Whether you have a Commercial Mortgage or a residential mortgage you will probably be aware of all the Sub-Prime disasters in the US sending repercussions throughout the world's economies. In this article on mortgage holders debt, Katie Tucker from mortgage brokers Charcoal urges people to cut down now on the amount of money they owe on their mortgages. Interest rates in the UK have been cut so now is clearly the most sensible time to implement such a strategy. She also outlines the importance for those who have "interest only" mortgages to change their mortgage to capital repayment to take a chunk out of mortgage debt.