With the holidays fast approaching, what better time to call a mortgage broker and ask him to show you how to use the equity in your home to take the stress out of the holiday season!

There are many options for refinancing that can make your holidays better. You may want to use the equity in your home to consolidate holiday bills. Another option is to refinance to lower your monthly mortgage payments, this frees up more cash that you can use towards paying down credit cards.

When you refinance your home you are typically able to skip at least one mortgage payment, helping to free up a significant amount of money in the short term. Some programs even allow you to defer payments for up to 6 months!

The best part is that the interest will all be tax deductible when you pay off your credit cards with a refinance!

Consult a tax professional to see how a refinance may benefit your personal income tax situation.

The secret to paying off debt it to aggressively attack your principle balances. This can be done spending the same amount of money each month that you already spend if you use a home equity loan. The concept is simple. Combine all of your debts into one low monthly payment. Then use the savings to pay down the principal balance. You will be debt free in 5-7 years.