Talking to you more about Debt Consolidation Refi using your home’s equity
Please be careful with what I am about to share with you
DO NOT pay off your credit cards with a new refinance
and then run your credit cards back up
If there is one message I can get across to people is this
Stop keeping up with the “Jones” the “Jones” are broke
I look at their tax returns all day long, they are broke
They have toys but they are broke (can be removed)
Don’t be broke
Dave Ramsey is a great financial expert
He has a book called the “Total Money Makeover”
He talks a lot about assigning a name into every dollar
Please, if you have got yourself into a situation with credit card debt
Look, sometimes people get there by doing “stupid crap”
Sometimes people get there by life kicking them when they are down
I get it, I have done both, so please I speak from experience
But, ← remove 1sec → We have to understand that we can’t keep tapping
into our home like an ATM, because it is going to bite us.
We have to understand that, that home equity is a
solid part of our retirement plan.
We can leverage it for less mortgages down the road
We can simply sell it and pocket the difference
There are a lot of perks there
If you do a Debt Consolidation Refi
I have another video talking about cars, you have to be careful
If you are rolling in cars…
If you are rolling in credit cards, do not run those credit cards back up
It will bite you long term, it’s not worth whatever you are buying
My name is Scott DiGregorio, Your Mortgage Guy
Have any questions, specific situations, reach out to me that’s what I do
I’ll talk to you soon, take care!
