News that many mortgages are falling into default stunned the housing industry at first but now they are saying that one out of four of these defaults may be strategically planned to avail of refinancing offers. Much to the benefit of troubles home owners who have been trying to get by in these rough economic times. With news that some of these defaults being strategic, the figures still stand at 1.5 million for the first half of this year and there’s still half a year to go. The news of such high mortgage rate defaults is quite alarming but with a financial plan that is laid out properly, it can result in very effective financial management. Makes sense? It’ll come to you.