03/24/2025
Most people have equity in your home. What are you doing with it?
Are you comparing your debt payments monthly? Credit cards are soaring as costs are hard to keep up with now. The worst thing you can do is wait until it's too late. Know you have options to pay that debt off! If you hurt, dive into a comparison, add up those payments(or ask me and I can) and see if paying them off will balance the rising costs to make you live more comfortably. Don't wait until it's too late and by that, I mean being late on your payments. Use what you have to ease the burden.
Want to remodel your kitchen and bath? Credit card rates are in the mid to high 20's for interest paid, the intent is always to pay it off, but sometimes that doesn't happen. Credit card usage is becoming a crisis. You're improving your home with a remodel, so shift some of that equity for the cash to remodel instead of swiping that plastic. It'll increase your homes value at the same time and be way less interest.
Maybe you are waiting to strike if the rates take a dip and move to a 15 yr loan term? I like it. That's how you become debt free. I helped so many do this about 4 years ago and nothing feels better than making a call, saying it makes sense for you to cut that loan term in half.
Whatever your goals are, plan it. ✌️
