Question

You could reduce the interest rate you are paying on loans by

A) refinancing to a secured loan.
B) paying off credit card debt with a home equity loan.
C) refinancing to a shorter term loan.
D) A, B, and C are all viable possibilities

Answer 1

To reduce the interest rate on loans, viable possibilities include refinancing to a secured loan, paying off credit card debt with a home equity loan, and refinancing to a shorter-term loan.

Step-by-step explanation:

To reduce the interest rate on loans, there are several viable possibilities:

1. Refinancing to a secured loan
2. Paying off credit card debt with a home equity loan
3. Refinancing to a shorter-term loan

All of these options can help you secure a lower interest rate and potentially save money in the long run.