Low Mortgage Rate: A Silent Financial Strain on Many Families – Don’t hold on to a low mortgage rate while others debts increase!

Managing multiple debts is tough - a low-interest mortgage, high-interest credit card debt, a Home Equity Line of Credit whose rate has only gone up with the FED Rate Hikes and now, the reintroduction of the student loan payment. It's overwhelming and can create a significant financial burden.
Example: Your 3.5% fixed-rate mortgage is an excellent deal; no doubt about it. However, your Credit Card and Equity Line debt of $150,000, at a blended rate of 13.1%, and student loans of $90,000 at 6.12%, are hefty obligations with high rates that can eat into your savings.
Moreover, with the federal student loan repayment moratorium ending on Sept. 1, 2023, this financial burden is set to increase further. This change could affect your ability to refinance in the future, as the increased monthly payment might push your total debt to a level where refinancing is no longer an option.
That's why now is the perfect time to consider our "Credit Consolidator Refi." This plan consolidates your high-interest debts into your mortgage, simplifying your finances into one manageable payment. It may also reduce your interest over time, helping you become debt-free faster. ( see the video above for details )
Let's ACT NOW to take control of your financial future before the student loan payments restart. I'd love to discuss how this refi can benefit you.
Calculating the blended rate, student loan payment, and potential savings.
➡️ Blender Rate
A blended interest rate is the weighted average interest rate of two or more loans. It's calculated based on the amount of each loan and its respective interest rate. Here's how you would calculate the blended rate for the example I'm laying out here:
First, determine the total interest being paid on each loan:
Home Equity -$100,000 * 9% = $9,000
Credit Cards - $50,000 * 23% = $11,500
Then, add the total interest together and divide by the total loan amount:
($9,000 + $11,500) / ($100,000 + $50,000) = 0.137 or 13.7%
So, the blended interest rate of your $100,000 HELOC at 9% and your $50,000 in credit card debt at 23% would be approximately 13.7%. This rate gives you an overall picture of the interest you're paying on your combined debt.
➡️ Student Loans
90k @ 6.1%
Before Student Loan Refi:
$1,000 / Month
After Student Loan Refi:
Loan Calculator To Run The Numbers For Yourself
Your Next Steps:
Step 1: Complete Your Loan Application - https://myhome.neohomeloans.com/homehub/signup/brent.willis@neohomeloans.com
Step 2: Once we have your application, then we will issue a detailed needs list to gather and return your documents
Step 3: With the loan app, and paperwork, we will push the file into UW and move forward.


"Brent did an outstanding job with my loan experience. Teaches me a lot with what option were available and advantages. Couldn’t be more impressed with his work and advice. Highly recommended."

tiger nate

"Brent was FABULOUS to work with!!! As first time homebuyers we couldn’t have asked for a better team. Brent was so helpful in explaining everything and he was always available for questions!!"

amy dishong

"Team Willis was fabulous to work with!!"

amy d