On today’s episode, we are going to discuss the value of debt consolidation and how it might be a good alternative to traditional refinancing. Rates are definitely higher than they were in 2021. So naturally, refinancing is starting to slow down. But at the same time house values are skyrocketing. In some cases, this equity can be leveraged to pay off some of your debt.
We’ll explore a real client example and how they leveraged their home’s equity to reduce the length of their loan and their monthly mortgage payments. When we blend your interest rates together you usually see lower interest rates as all your debt is consolidated together. Join us as we explore this strategy and how it can save you money and time on paying off your mortgage. How could a debt consolidation loan help with your financial future?
0:00 – Interest rates and refinancing
0:41 – Leveraging your home’s equity
2:17 – Taking your interest rate down