🚨 Nearly 1 in 5 American families reported falling behind on debt payments, according to a new Federal Reserve survey covering the period through 2025.
The worst reading since 2010!
🏠 HOMEOWNERS: If your credit card balances are growing and you're struggling to keep up, don't wait until you start missing payments!
Your home equity might help you consolidate expensive debt, lower your monthly payments, and protect your credit.
Paying down credit cards can also improve your credit scores relatively quickly.
And if mortgage rates fall later, you may have another opportunity to refinance.
Sometimes you need to rip off the Band-Aid BEFORE things get worse!
💬 Are Americans waiting too long to deal with their debt?
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate #DebtCrisis #HomeEquity #MortgageTips #CreditCardDebt #Shorts