Pay Off Your High-Interest Debt Now

 In Refinancing your Mortgage

Higher interest rates are coming.  Maybe not this week or next, but they are coming.  War, inflation, unemployment, stock volatility, and a host of other things have an effect on the demand for mortgage bonds, and at the moment, we have a war, inflation, unemployment, stock volatility, and a host of other things going on.  There may be temporary drops in mortgage rates, but the smart money is on mortgage rates continuing their steady increase for quite a while.

If you have a lot of consumer debt (credit cards, personal loans, etc.), those interest rates will continue to go up as well, making it harder and harder to pay your monthly bills.

Here’s what to do about it.

If you own a house, you are probably sitting on a lot of equity, which is the value of your house minus the balance you owe on your mortgage.  As housing values continue to go up, with no end in sight, you are gaining more equity all the time.  

If you have high-interest debt, now is the time to consolidate those debts.  You can combine your current mortgage with any other debts you have when you refinance, and you can possibly save hundreds (or more) each month.

The process is easy, it’s free to see how much you can save, and we will guide you through the entire thing.  Contact us today to get rid of those high-interest debt.  You will be very glad you did.

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