So, your clients have a low mortgage rate?

While that may be true with their mortgage, what's more important is the overall rate that they are paying. This is known as their blended rate, that takes into account all of the debts and rates that they are paying and is weighted by the outstanding balance. They might boast a low mortgage rate, what about their auto loan? Store credit cards? Perhaps they have taken advantage of a 'buy now, pay later' purchase. When you factor in all these rates, their real blended rate could be much higher.

Many individuals find themselves in this predicament, yet there are actionable steps they can take to restructure debts, accelerate payments, and ultimately improve their overall financial standing.