It’s February, and 2020 is off and running. Unfortunately, the credit card debt that many of you racked up in 2019 is lingering like a bad hangover, and it’s threatening to ruin a lot of the plans that you have for this year.
Luckily for homeowners, there’s a way out of nasty credit card debt.
A cash-out refinance is a great way to get yourself out of high-interest debt from credit cards and put yourself back on the path to financial freedom.
Luckily, the value of your home had likely never been higher, and interest rates are near all-time lows. It’s an amazing time to be a homeowner and to put the equity in your home to work for you killing off that high-interest credit card debt.
A cash-out refinance takes the equity you have built in your home and hands it back to you to use paying off higher interest credit card debt. They offer lower interest rates than home equity lines of credit (HELOC) and home equity loans.
This loan can also help you raise your credit score by paying off your credit card debt and reducing your credit utilization ratio, which is how much of your available credit that you are using.
A cash-out refinance can be the key to getting out of credit card debt and finding financial freedom, and all it takes is a 5-minute application.
Call The Home Loan Expert Team in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515, and Nashville at (615) 810-8555. You can always apply online with our 5-Minute Loan Approval 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?