10/28/2026
💳 Your credit cards might be costing you more than you realize.
Let’s talk about something that doesn’t get enough attention: using your home’s equity to tackle high-interest debt.
Imagine having $45,000 in credit card debt with an average interest rate of 24%.
Here’s what those numbers could look like:
💳 CURRENT CREDIT CARD DEBT
* Balance: $45,000
* Interest rate: 24%
* Monthly interest alone: $900
* Estimated monthly minimum payment: $1,350
🏡 HOME EQUITY LINE OF CREDIT (HELOC)
* Credit line: $55,000
* Amount used to pay off cards: $45,000
* Example interest rate: 8.00%
* Interest-only payment on $45,000: $300/month
* Interest-only payment if all $55,000 is used: $366.67/month
That’s a potential difference of $1,050 per month when comparing the estimated credit card minimum payment to the HELOC interest-only payment on $45,000!
Now, here’s the important part.
A HELOC isn’t about creating more debt. It’s about exploring whether you can manage the debt you already have more strategically.
And just because you qualify for $55,000 doesn’t mean you have to borrow it all.
Your home has worked hard to build equity. Could that equity help you create a little breathing room?
I’d love to help you explore the numbers and determine whether it makes sense for your financial situation.
🐾 Hi, I’m Julie!
Julie Vari Adams | Mortgage Advisor
LeaderOne Financial | NMLS #1496369
📱 314-496-8150
📧 [email protected]
