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Pay Off Credit Card Debt Now...

credit card debt Have you looked at the balances on your credit card statements lately? Seriously? OMG!

Everybody I know has been "living" off of credit cards! How expensive is that? Well - If you have a $2000 balance on a credit card with an 18% APR it could take you 24 YEARS to pay it off if you simply pay the minimum balance!

If you've purchased a home in the Triangle during the last 24 months - and the value is less than $300,000 - you might qualify for a cash out FHA loan.

We are refinancing a single mom today who purchased a home last February. The FHA limits were not as high as they are now, and her conventional loan rate was 6.875%. We were able to pull $12,000 out of her home (which still left her over 5% equity), get her a better interest rate, and lower her monthly bills by over $585 a month! In addition to this - we saved her YEARS worth of interest that she could get no tax advantage for!

If you are interested in refinancing your home, please call Steve and Eleanor Thorne,Senior Mortgage Loan Originators in Raleigh, NC 919-649-5058

Posted by Eleanor Thorne 919-649-5057 Cary Mortgage Loans on 09/05/2008 10:48 AM

Comments (6)

Refinance in the ActiveRain Channel

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Originally posted at: Mortgage Lending, NC Style: Pay Off Credit Card Debt Now...

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6 Comments on Pay Off Credit Card Debt Now...

SEP

2008

Credit cards are the worst thing every created.

You should never unsecured debt for secured debt.

Yeah I need to really work on getting my stuff consolidated as well.

Really paying for my past indiscretions. Those credit card companies have been successful at trying to horde a pile of cash from us working people.

What's a credit card?

Yeah, what Leesa said.

What a great refinance! Now it's time to tear up those credit cards, and put the extra money in the bank! It's hard to find a lender with the strong, thorough knowledge of the lending business that you and Steve have. Thanks for watching out for homeowners and future homeowners!

SEP

2008

Credit Cards are the devil! No but all seriousness I can not recall how many times I had to refinance a client out due to overwhelming high interest credit cards. After seeing so many clients in trouble I cut loose with all my credit cards and only have 1 now for emergencies!

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