Borrow Against Your Home and Lower Your Debt Interest Payments

Everyone knows interest on credit card debt can be costly – it should be avoided at all costs. If you own a home, you are in a great spot to lower your interest rate and eliminate credit card debt.

If you’re paying interest on your credit card and have some equity in your home, you could be saving money. Banks make money from credit cards when you make purchases and cannot meet your payments. The interest rates charged by banks on credit cards are very high– typically around 22%. However, as a home owner, you can reduce your interest payments by as much as 17% by consolidating your debt. It’s easy and can quickly set you on the road to a debt-free life.

Let a Consumers Choice Mortgage Professional save you money by consolidating your debt.