Protect your credit rating and start down path to financial freedom. Debt consolidation services are often best answer for millions of consumers who have become unable to pay more than minimum amounts on their credit cards. If you continue to pay small monthly payments you could spend decades trying to become debt free. Contact a debt consolidation company now and begin dramatically reducing your debt today. Free consultations and friendly, professional service make consolidating your debts easy. You can start saving money each and every month and become debt free in a much shorter period of time.

A bank will probably loan you 70% of value, or $280,000. After paying off first mortgage, you are left with $160,000. With todays lower interest rates, your payment on new mortgage will be about same. At most you might lose $50/month in cash flow.

An even better scenario: Use $40,000 for high-return upgrades to property, such as carports or laundry rooms, and then raise rents. You could have $120,000 left over to spend any way you want, AND have higher cash flow. Does that sound better than selling your retirement plan? Don't sell. Refinance that rental property!