The holidays have always been a time to kick back and spend quality time with your family. The holidays have also been a time for giving and receiving. Statistically speaking, many people incur much of their debt during and around the holiday season. Recovering from this debt can often be a stressful experience and often requires tremendous output at your job and discipline to cut down on other daily expenses. Although exercising restraint on spending habits is always a plus, doing so after the fact can be a difficult experience. To help pay down debt that has accumulated around the holiday season, it may be a good idea to consolidate your debts by using the equity from your home as a second mortgage. Interest rates are much lower than those of the lowest credit cards. Credit card interest rates often hover between 9.99%-19.99% and sometimes as high as 28%. With interest rates like these, it can take a long time to pay them off. If you would like more information, or would like to see how this solution may work for you, give us a call or visit our website. We’re always willing to take the time so you may better understand your situation and options.