It’s no secret that the landscape for prospective home buyers feels pressured right now.
The Federal Reserve Bank recently released an article showing total household debt in the US rose last quarter from $312billion to $16.15 trillion.
This is the most significant increase in one quarter in 20 years.
Rising prices of credit cards, auto loans, energy, and food are seriously impacting consumers.
233 million new credit card accounts were opened last quarter, which marks the most significant increase since 2008.
Here at Cole Mortgage we utilize important information like this to help us better support and ease the pain points of our clients like you.
If you would like to evaluate your current financial situation to determine if taking advantage of home equity to improve cash flow makes sense, please click on the link below to schedule a consultation.