Texas Home Equity Loans and Home Refinance Loans: Two Ways to Start 2012 Flush
One of the bigger downsides to December holiday joy is the January cash crunch hangover that usually follows. According to the American Research Group, American families spent on average more than $630 each on holiday shopping. In the mid-2000s, before unemployment spiked, that number was closer to $900 to $1,000 spent per family, but 2011’s expected figure is still a sizable bump over previous years.
This surge in spending is promising news for the economy. Shops, restaurants and other businesses of all shapes and sizes need customers to spend just a bit more. But, of course, for families still struggling from unemployment or high credit card debt, the holidays can make for a tight squeeze come January.
We can help homeowners in two ways. As we mentioned last week, interest rates are currently holding at an unprecedented sustained low, which means that homeowners can get much-needed access to cash in a financially sound way. And here at TexasLending.com, we’re always proud to offer among the lowest home interest rates anywhere in the Lone Star State and beyond (currently as low as 3.75 percent).
Make your most valuable asset — your home — work for you. Our Austin home equity loans, Houston home equity loans and Dallas home equity loans can give you much-needed flexibility in terms of how you manage your finances. For every $10,000 of credit card debt you’re currently carrying, a home equity loan can help you reduce interest payments by as much as $400 per month. What could you do with that cash?
If you originally took out your home loan at a time when home interest rates were much, much higher, it’s probably a good idea to consider one of our Austin home refinance loans, Dallas home refinance loans, or Houston home refinance loans. For example, refinancing a $120,000 loan could save you $100 per month and more than $3,000 over three years. Larger loans will give you even higher savings. Again — what could you do with that extra bit of freed up cash?