4 Ways to Consolidate Debt Without Selling Your Home | Streetwise 10 (7/10)

Описание: Book your confidential, complimentary Debt Detox strategy call with a Streetwise advisor today. ➡️ http://streetwisemortgages.com/connect

► This is Question 7 of the "Streetwise 10" series. Watch the full playlist here:    • THE STREETWISE 10  

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Are you working hard, but your debt balance just isn't moving?

If you are making monthly payments to credit cards, student loans, or high-interest car financing, you are likely caught in the "Minimum Payment Trap." The banking system is designed to keep you paying interest for as long as possible—but if you own a home, you already have the solution.

In this video, Question 7 of the Streetwise 10, Dalia Barsoum breaks down the "Debt Detox" Strategy.

We explain how to stop drowning in 19%+ interest rates and use the equity in your home to consolidate those liabilities into one manageable, low-interest payment. This isn't just about saving money; it's about freeing up cash flow to start investing again.

What we cover in this video:
The Audit: How to calculate how much of your monthly income is actually being wasted on interest.
The Strategy: Why moving "Bad Debt" (Consumer debt) into "Good Debt" (Mortgage debt) creates immediate stability.
The 4 Execution Methods: We compare the pros and cons of:
1.Refinancing: Breaking your current mortgage to roll in debt.
2.The HELOC: Using a secured line of credit without breaking your term.
3. The Second Mortgage: When to layer a new loan behind your existing one.
4. The Blend & Extend: Negotiating a weighted rate with your current lender.
The Exit Plan: How to ensure you don't just run up the credit cards again.

TIMESTAMPS:
00:00 - The High-Interest Trap: Are you just paying interest?
01:25 - The "Debt Detox" Concept Explained
03:10 - How Much Cash Flow Can You Actually Save? (The Math)
05:45 - Method #1: Refinancing Your Primary Mortgage
08:20 - Method #2: Using a HELOC (Home Equity Line of Credit)
11:15 - Method #3: Second Mortgages (When & Why)
14:30 - Method #4: The "Blend and Extend" Strategy
18:50 - The Psychological Trap: Preventing "Re-Debt"
22:04 - Conclusion: Start Your Debt Detox

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