Loan X Mortgage, the highest-rated broker in the country, has launched a new initiative to allow homeowners to pay off their credit debt by accessing their home equity through a home equity line of credit.

Many Americans are stressed and concerned about how they will make their monthly payments. Credit card debt in the United States has reached its highest levels since 2019. The average credit card balance is $6,569, which may not seem huge, but the monthly payment on a balance that high can cut into the monthly budget.

Meanwhile, home equity in the United States is at a record high of $27.8 trillion, according to the federal reserve.  Investopedia reports the average homeowner has $185,000 of accessible home equity.

Instead of struggling to cover monthly expenses while paying down credit card debt, Loan X Mortgage wants to offer another option. Many homeowners are unaware they have the ability to access their home equity, Loan X Mortgage wants to show and educate you how to do this.

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https://www.globenewswire.com/news-release/2022/09/16/2517735/0/en/Top-Rated-Mortgage-Company-Helping-Homeowners-Pay-Off-Credit-Card-Debt.html

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