Tame Your Credit Card Debt or Grab a Good Rate Before They Rise.

Your home could save you – big!

While the Fed continues to battle inflation by raising interest rates, your debt may be feeling more and more of the pinch! The good news: with home values at all-time highs, you may have hidden equity you can use to secure a way better rate for your high-interest debt. Also, if you know you’ll need to borrow sometime soon for a project or expense, you can take out a loan now and hedge against the potential for higher rates down the road.

Currently, you can get a Greenwood Home Equity Loan for as low as 6.99% APR*, with no closing costs. If you have credit card debt, in many cases that could cut your interest rate by as much as 75%! Even if you have a decent credit card rate, your savings could be substantial.

To find out more or for guidance on how this strategy could benefit you, just give us a call at 401-739-4600 or visit greenwoodcu.org.

 

*Annual Percentage Rate. Advertised rate is the lowest available. Interest rate will be determined by individual creditworthiness. For home equity loan payments: At 6.99% APR, 60 monthly payments of $19.80 per $1,000 borrowed. Rates may change without notice. NMLS #21481.