Refinance Now, Save Big: 4 Key Debts to Tackle Before the New Year with Level Financing

As the year comes to a close, many of us start reflecting on our financial goals and resolutions. Perhaps you had hoped to pay off more debt or save more money this year. Instead of waiting for next year to make progress, now is the perfect time to take control of your finances by refinancing your existing loans. At Level Financing, we’re here to help you tackle your debts and get a head start on a brighter financial future. Refinancing these four common types of debt could help you lower your monthly payments and reduce the overall burden.

1. Credit Cards

Credit card debt can feel like an endless cycle, especially with high interest rates. Even if you’re paying more than the minimum, the interest can keep your balance from going down. With a loan from Level Financing, you can consolidate your credit card balances into one manageable, lower-interest monthly payment.

This method works particularly well if you’re carrying high-interest credit card debt. Unlike credit cards that only require a low minimum payment, a personal loan from Level Financing can help you focus on paying down the principal faster. And because you’ll have a fixed repayment term, you won’t be stuck in the revolving debt cycle any longer.

2. Mortgages

If you’re still paying a mortgage with an interest rate higher than 5% or paying for private mortgage insurance (PMI), now is the time to consider refinancing with Level Financing. Mortgage rates are still favorable, but they’re beginning to rise, so acting now could save you thousands over the life of your loan.

By refinancing your mortgage, you can lower your monthly payment and eliminate those pesky PMI fees. Plus, it may be possible to switch to a shorter loan term, such as a 15-year mortgage, which could significantly reduce the amount of interest you’ll pay over time.

3. Car Loans

Did you know that the average American is overpaying on their auto loan, especially if it was arranged through a dealership? Refinancing your auto loan with Level Financing could lower your interest rate and save you money each month.

At Level Financing, we work to secure competitive rates for auto loans, potentially helping you reduce your monthly payment and the total amount you pay over the life of the loan. Don’t let an inflated interest rate keep you from paying off your car loan sooner.

4. Student Loans

Student loan debt is a burden many of us carry, but you don’t have to live with it forever. If your student loans are weighing you down, consider refinancing them through Level Financing. We offer competitive rates that can help lower your monthly payments and reduce your overall debt burden.

While federal student loans offer repayment and forgiveness options, if you’re not eligible or looking for a different path, refinancing with Level Financing could be your next best option. Keep in mind, refinancing federal student loans into a private loan means you’ll lose access to federal programs, but it can give you more flexibility to manage your debt on your terms.

Why Wait? Start Today!

By refinancing these four types of loans, you can reduce the interest you pay, lower your monthly payments, and start the new year with more financial breathing room. Whether it’s a credit card, mortgage, auto loan, or student loan, Level Financing is here to help you every step of the way.

Apply today with Level Financing and take the first step toward a debt-free future. Our team is ready to help you refinance your loans, save money, and achieve your financial goals faster than you ever thought possible.