If you have a lot of equity in your home, you should not have to worry about drowning in consumer debt!
A lot of the homeowners we’ve spoken to lately are unaware of two things:
- They don’t know how much equity they have in their home.
- They don’t realize they can use that equity to consolidate their high-interest consumer debt, save on interest, and reduce their monthly expenses by hundreds of dollars every month.
Mortgage rates have improved a bit recently, and even a slight drop in rates is reason enough to re-think your mortgage and home equity strategy and consider a debt-consolidation refinance.
If you’re feeling crushed under the weight of high payments and interest rates on credit cards, student loans, car loans, or medical bills, you might be able to get some much-needed financial relief by using some of your home equity to completely eliminate those balances and monthly payments.
Even if today’s interest rates are higher than your current mortgage, it might make sense for you to explore a debt-consolidation refinance and get some immediate financial relief.
When was the last time you ran an equity analysis on your home?
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