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UPDATE: Record High Home Equity, Personal Debt and Your Finances

Ovilla Raider

Red Raider
Gold Member
Jan 7, 2010
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Ovilla, TX
www.redraidersports.com
Hey Red Raider Sports – Eric Whitaker and Jim Mitzel here from Primary Residential Mortgage. We wanted to drop a quick note about a product that has been top of mind for a lot of our clients here lately.

The cost of living has skyrocketed—up ~25% in just the past four years.

We all feel it. Groceries, utilities, interest rates—everything is more expensive. It’s no surprise that Americans' credit card debt hit an all-time high in Q3 2024, surpassing $1.166 trillion.

Jim and I see this firsthand every day. Nearly every credit report we pull now looks different than it did 3-4 years ago—more people are carrying significant credit card debt.

But here’s the good news:
If you own a home, your home equity is likely at an all-time high, too—over $35 trillion across the U.S.!

We’re helping families right now take control of their finances by leveraging their home equity with a Cash-Out Refinance.

How a Cash-Out Refi Can Change Your Life:


Eliminate high-interest credit card debt
Consolidate car loans, personal loans, and other debt into one lower payment
Drastically reduce monthly expenses & free up cash for savings and retirement
Finally tackle those home improvements you’ve been putting off
Yes—this can even improve your marriage! (Money stress is real!)

If you’ve been thinking about it, let’s have a quick, confidential conversation to see if it’s the right move for you. No pressure, just options.

📩 DM, email, text, or call us anytime!

Email: prmiraider@primeres.com

Eric Whitaker - @Ovilla Raider – 469-503-5070

Jim Mitzel - @ttumitzel
 
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