a young couple leaning over a computer and paper, worried about finances

The trees are down, and the confetti has been swept away, but one thing will stay around to remind you of the holiday’s festivities: your credit card bill. The holidays have a way of glossing over the amount of money you’re spending and unfortunately, now is the time when it comes sharply into focus. Making only minimum payments virtually guarantees that the debt will stretch over many months or even years. Fortunately, if you’re a Nebraska homeowner, you’re not without options for reducing your debt and restoring your budget to a healthier state.

Practical Tips for Reducing Holiday Debt

  • Use the snowball method made famous by Dave Ramsey. Pay the minimum payment amount on all your credit cards each month, focusing any leftover funds on the smallest balance. Once the smallest debt is paid, place your focus on eliminating the next smallest. Repeat this process until you’ve successfully paid off each one.
  • Cut down monthly spending by eating at home and giving up non-essential expenses until your budget is back to normal. Use the money you save to reduce your credit card balances.
  • Sell items that you no longer use. Almost everyone has a few.
  • Sacrifice your IRS refund. Use the money to pay off bills. It may be difficult, but it will help you regain control.

Refinance Your Home to Ease Your Burden

If your home’s current market value equals more than what you owe on it, you have a positive equity balance from which to borrow. First Mortgage Solutions can help you take advantage of the equity that you have in your home through practical home equity loans. We may be able to help you lower your current interest rate and monthly pay

The trees are down, and the confetti has been swept away, but one thing will stay around to remind you of the holiday’s festivities: your credit card bill. The holidays have a way of glossing over the amount of money you’re spending and unfortunately, now is the time when it comes sharply into focus. Making only minimum payments virtually guarantees that the debt will stretch over many months or even years. Fortunately, if you’re a Nebraska homeowner, you’re not without options for reducing your debt and restoring your budget to a healthier state.

Practical Tips for Reducing Holiday Debt

  • Use the snowball method made famous by Dave Ramsey. Pay the minimum payment amount on all your credit cards each month, focusing any leftover funds on the smallest balance. Once the smallest debt is paid, place your focus on eliminating the next smallest. Repeat this process until you’ve successfully paid off each one.
  • Cut down monthly spending by eating at home and giving up non-essential expenses until your budget is back to normal. Use the money you save to reduce your credit card balances.
  • Sell items that you no longer use. Almost everyone has a few.
  • Sacrifice your IRS refund. Use the money to pay off bills. It may be difficult, but it will help you regain control.

Refinance Your Home to Ease Your Burden

If your home’s current market value equals more than what you owe on it, you have a positive equity balance from which to borrow. First Mortgage Solutions can help you take advantage of the equity that you have in your home through practical home equity loans. We may be able to help you lower your current interest rate and monthly payments and get control over your budget without any need to sacrifice your lifestyle or comfort. After obtaining your loan, simply pay off credit card balances and save hundreds of dollars that would have simply been funneled into interest over time.

Debt Consolidation Is Easy With First Mortgage Solutions

No one should have to suffer because of holiday bills, sudden expenses or unexpected life events. If you’re a Nebraska homeowner, we can help you achieve debt consolidation through home refinancing and other convenient, practical options. Visit us online to learn more about our services.

 

Copyright © 2014 First Mortgage Solutions, LLC. – NMLS ID #244476. Offices located at 9237 Ward Parkway, Suite 300 Kansas City, MO 64114, (855) 222-5102. Licensed in California (License #41DBO-51145, licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act), Colorado (License #244476, Regulated by the Division of Real Estate), Connecticut (License #ML-244476), Florida (License #MLD1331), Georgia (Georgia Residential Mortgage Licensee #40649), Illinois Residential Mortgage Licensee #MB.6761285 – Department of Financial and Professional Regulation (122 S Michigan Ave Ste 1776, Chicago, IL 60603, (312) 793-3000), Kansas (A Kansas Licensed Mortgage Company - #MC0025009), Missouri (License #14-1636), Nebraska (License #2122), New Jersey (Residential Mortgage Lender License #244476, Licensed by the New Jersey Department of Banking and Insurance), North Carolina (License #L-175556), Oregon (License #ML-5613), (Pennsylvania (Registered as First Mortgage Direct – License #55072), South Carolina (MLS – 244476), Tennessee (License #128181), Texas (Department of Savings and Mortgage Lending), Virginia (License #MC-5877), and Washington (Consumer Loan Company License #CL-244476) . Equal Housing Lender. NMLS Consumer Access: www.NMLSConsumerAccess.org