So, you bought those furnishings with zero interest with the best of intentions of paying it off before the it comes due, but then life got in the way.  As you get closer to the end of the zero interest period in most cases you find that you now owe all of the interest that you saved, so instead of the $1000.00 you though you owed you will now owe twice that amount!

Unfortunately, I hear this quite a bit even with wages up, the average household has experienced a rise in consumer debts, and most have not paid attention to the rise in the hidden cost of credit card debts.  With the ease of obtaining, credit cards, revolving debt has become a quiet epidemic that is slowly overtaking most Americans, adding much undue uncertainty and stress and is costing thousands a month in compounding charges.

The good news for you, if you own your home, a simple cash-out refinance can take care of that debt and possibly net you a nice tax deduction.  With rates as low as we have seen in recent history our average customer saves $200+ on a monthly basis by taking advantage of this program.  The sense of urgency goes beyond getting a good mortgage rate before they go up.  Waiting too long for an even lower rate means you could miss out, at the same time high rate cards will continue to go up.

Every situation is different, call or email Chris or Bob if you would like a personalized analysis of what would be the best option for you.

Chris Conlon cconlon@afncorp.com 704-609-5017

Bob Parm bparm@afncorp.com 704-778-2603