High-Interest Rate Credit Card Debt Have You Stressed?
Maybe We Can Help… Let’s Chat Today.
Happy New Year! The holidays have come and gone and many memories that we will hold dear for years have been made. Unfortunately, for many of us, that has not come without a cost. Maybe it has left you, like many other Americans, seeing some of the highest credit card debt you have ever experienced.
If you can relate to this scenario and understand the pain of high-interest credit card debt, you may want to consider a couple of strategies to help you get your debt under control and even save money doing so.
Option 1: Cash Out Refinance
If you own your home and have equity in that home, then you may be sitting on just the thing that can help you relieve yourself of the weight of that high interest credit card debt. By taking the equity of your home and exchanging it for cash, you can pay off the credit cards with a much lower interest rate. This is called a Cash Out Refinance.
Option 2: Home Equity Line of Credit (HELOC)
A HELOC, (Home Equity Line of Credit) is a line of credit that uses your home as security. This will give you a revolving credit line that can be used for expenses, debts and even consolidate those high-interest rate credit cards.
We at Prost Mortgage Group, a mortgage lender located in Northern Kentucky, are experts in home loans and can help you review your current situation and walk through scenarios that will allow you to make a decision that is best for you.
Now providing Home Loans for Kentucky, Ohio, Indiana, Michigan, Tennessee, and Florida. If you are looking for a lender in any of these states reach out today. We are here to help you. 859-795-1316 or get your home loan started today at www.homeloansuccess.com