Here is a holiday business opportunity as our gift to you. Do you have a debt elimination plan? Credit card balances are up but so may be your home equity. The average increase in credit card debt last holiday season was over $1,000. Home equity is at a peak! How can we help you? Can we help you try a plan to eliminate all debt? Here is a quick, but wonderful illustration (comparison) about the impact of a refi.
If you have a $300k mortgage at 4% ($1,432) and $50k in credit card debt at 18% ($1,250), that total monthly payment is $2,682. Without any negotiating and just for comparisons sake, after refinancing both of these debts together at 5%, your payment will be $1,879, saving you $803 monthly. And here’s the beautiful part of this equation- if you take the additional $803 that you were paying (which totaled the $2682) and put it towards your mortgage by pre-paying down your principal, you will pay off your 30 year mortgage in 18 years and 2 months.
Please let ABBA First make your dreams come true. Use a debit card instead of a credit card and follow the steps that we’ve outlined for you above and you will be the recipient of our Holiday gift for you which simply put is a plan for big savings.