About Those “Eternal” Credit Card Monthly Payments
The difficult reality is that costs are rising and fixed incomes are not. Credit card monthly payments are another cost that is rising.
Credit cards are never a first choice but they are quite often the last option when your fixed income does not equal your growing outflow.
“Paying-on” instead of “Paying-off.”
It is easy to see how the balance on revolving, or credit card debt grows; the interest is added, your required payment is deducted and the balance somehow continues to grow.
After a short time you end up “paying-on” a credit card with little hope of ever paying it off. A very insecure feeling.
“Paying-off” with what you’ve already “Paid-on.”
When you access your home equity you can pay off credit card balances with money that you have already paid on, and earned through appreciation.
A Reverse Mortgage is a home-equity access loan.
You can use and not lose what you have
The bottom line of a Reverse Mortgage is this; you can responsibly access your own money and not risk the security of owning your home.
I would be happy to show you how that might work for you.
Mark Schmidt
Remarkable Reverse Mortgage
720-206-4539
NMLS 846014 CO 100037582
