Interest rates were just reduced to almost zero. If you have a higher interest mortgage on your home or property, it's a great time to look into refinancing. Some mortgages don't even have to be refinanced, they can be adjusted downward with just a small fee.
Credit card debt can also be rolled up or tranferred to another card to save even more. A lot of creditors are waiving any balance transfer fees or providing no interest for many months. However, be sure to make your regular payments as many will void the special promotion if a payment is missed.
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When refinancing a home mortgage you will get a lower interest rate if you agree to pay 1 or 2 "points". The loan manager may offer you "6.75% with no points" or "6.25% with 2 points".
