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KNOWLEDGE CENTER

Consolidate Credit Card Debt

The average US home owner has over $10,000 in unsecured credit card debt! Most credit cards also carry interest rates in the mid to high teens and have high minimum payments. Not only is this unsecured credit card debt not tax deductible but in most cases it is a financial burden on most homeowners.

It will take the average person with $10,000 in credit card debt 30 years to pay off. Consolidate this debt into your mortgage so you have the tax-deduction at the end of the year.

A Mortgage professional can easily determine if rolling any high interest credit card debt into your home financial plan will be beneficial in achieving your financial goals.

To Consolidate Credit Card Debt with a home mortgage, you will generally be refinancing your property and taking cash out to pay off the debts.

 

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