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Put A Lid On Rising Mortgage Payments

(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? Or perhaps you've had an unexpected financial hit such as a large hospital bill or a job loss that has made your current mortgage payments unreasonable. If so, refinancing your mortgage can be a great way to save money every month.

Refinancing your mortgage also lets you consolidate other debt, such as credit card balances, into one low-interest loan. You may also want to consider converting some of the equity in your home to cash to use for large expenses such as college tuition or home improvement.

Online services like Refinance.net make it easier than ever to find the best deal on refinancing your home.

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Wakefield Placed On DL

Boston Red Sox starting pitcher Tim Wakefield was officially put on the 15-day disabled Saturday with a stress fracture in his rib cage area.

To fill the vacated roster spot, the Red Sox purchased the contract of left- handed hurler Kason Gabbard from Triple-A Pawtucket. The southpaw is expected to make his major-league debut Saturday against Seattle.

Wakefield left Monday night's 5-4 win over the Kansas City Royals in the fourth inning with the injury. .

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