Refinance to help pay for Christmas before interest rates go up

/ / Refinance

By this point in January, everyone is back to “work mode” & trying to keep up with New Year’s resolutions😂.

Your credit card bills from Christmas are also lurking… just waiting to be paid.

In case you haven’t heard yet, there’s a lot of talk about rising interest rates. It’s all over the news and it’s definitely NOT from Chicken Little this time:

If you’re even THINKING about refinancing your home to help consolidate debt or get cash out (for things like Christmas expenses), NOW is the time to act.

When you do the math, a refinance is something of a no-brainer when it comes to paying off high-interest credit card bills & other debt.

Here are a few things to consider:

  • Consolidate multiple payments into 1 note
  • Lower your overall monthly obligations
  • Interest on your mortgage is tax deductible
  • Get on a schedule for repaying principle instead of making minimum payments
  • Take advantage of historically low interest rates before they rise

This is Not a False Alarm

Interest rates have been low for years now, and many lenders have been guilty of sounding the panic alarm about rates going up soon.

Not us.

But right now, it’s our job to inform you that the potential for rate increases is very real.

In October, the 30-year fixed mortgage rate crept over 5% for the first time since 2011. That’s 7 years!

The consensus among industry experts & economists is that rates will rise into the mid to upper 5s during 2019.

Right now you can get rates well below these averages, but we’re not sure how long it will last. The industry says “not long”…

It All Starts with a Phone Call

Because you’re a client of ours, I’d like to offer you a free consultation to see if your mortgage or home equity may be able to help you get some relief in 2019.

Please call our office nearest you to request a free confidential assessment.