Consumer debt – auto loans, student loans, and credit card debt – keeps rising, and doesn’t show any signs of stopping. In September of 2019, Nerdwallet reported that credit card balances, or the amount carried month-to-month on balances, rose to $443.96 billion. Americans are swimming in debt right now, and it’s not getting better as wages struggle to keep up with inflation.
It’s time to do something about it, and if you’re a homeowner in credit card debt, we may have the solution for you.
A Cash-Out Refinance can give you the financial flexibility to do a lot of things. You can pay off your credit card debts. Home additions and repairs are a great use of your equity. Or you can just put the money in your pocket and have a little cash on hand for a rainy day.
With the average household owing $6,849 in credit card debt, a Cash-Out Refinance is a debt relief that has an immediate effect on the quality of life. Imagine not getting the bills in the mail, or the harassing phone calls from credit card companies. Sleep better knowing that you’re not paying 27% interest on your credit card bills. Get out there and enjoy your life knowing that you don’t pay an average of $1,162 every year just in interest.
10% of all Americans that have credit card debt say that they will be paying this off for more than 10 years, and another 9% say that they will NEVER be done paying it.
Think about that, and get started on your Cash-Out Refinance today.
Call The Home Loan Expert Team at 800-991-6494. You can always apply online at hero.loan for your VA Loan, and www.thehomeloanexpert.com for your other mortgage needs, and we’re also open on Saturdays and will come to you to help close your loan. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?
The Home Loan Expert
