What Interest Rate are you Really Paying?

If you have a mortgage with a low rate, that’s awesome! But what if you have other debts?

According to Lending Tree:

Americans’ total credit card balance is $986 billion in the first quarter of 2023, according to the latest consumer debt data from the Federal Reserve Bank of New York. That’s unchanged from the fourth quarter of 2022’s record number, leaving the balance the highest since the New York Fed began tracking in 1999.

You might think your interest rate is low, but when you average the rates on your debts overall, it may be significantly higher.

As the feds have raised interest rates 10 times now, we have seen credit cards, car loans, HELOCs and other debt have all seen their rates drastically increase.

The good news is that you probably have a lot of equity in your home that can be used to consolidate all those debts. And while your new mortgage rate might be higher, your blended rate may actually decline and so will your monthly expenses, which will help reduce your stress. 

We have a really cool calculator where we can analyze your mortgage, alongside your debts and do a comparison to see if it makes sense for you to consolidate debt.  You may lose a lower interest rate on your primary residence but, it could put you, your family, and your peace of mind at ease with no revolving debt and greater monthly savings. 

Remember, Albert Einstein said “compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”

Call me today to discuss a debt consolidation refinance strategy to free up an enormous amount of savings that could add to cash flow or be used to shave many years off the remaining balance of your loan.

Thanks in advance for forwarding this video to any friends, family, or coworkers you care about that may be in the same boat! 


For more information you can visit:


I am Garrick Werdmuller, President, and CEO of Fresh Home Loan, “Independent Mortgage Brokers that Work for the People” and we are here to help you.

Garrick Werdmuller

President CEO

Fresh Home Loan Inc 

510.282.5456 call/text


NMLS 242952


All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and [products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104 


#bridgeloans #commercialrealestate #realestateinvesting #fixandflip #hardmoneyloans #mortgagebroker #realestate #mortgage #bridgelending #broker #hardmoneylender #realestateinvestor #hardmoney #funding #bridgeloan #debtandequityfinancing #loans #finance #refinance #investment #propertyfinance #cash #commerciallending #bridgeloanfinancing #money #privatelending #propertyinvestment #bridgingfinance #lender #property

Garrick Werdmuller

(510) 282-5456