Daily Orders: VA Loan Intel - VA Cash-Out Refinance for Debt Consolidation #valoan #varefi

A Staff Sergeant walked into my office with $40,000 in credit card debt, and his story illustrates how VA cash-out refinancing can provide life-changing financial relief for veterans.

Multiple PCS moves had contributed to debt accumulation across several credit cards. The interest rates were crushing: 22%, 26%, and one card at 29%. His minimum monthly payments totaled $1,400, creating severe financial strain while making minimal progress toward actually eliminating the debt. The math was working against him—most of that $1,400 was going straight to interest.

But he owned his home and had built equity. We executed a VA cash-out refinance, using that equity to pay off every single credit card. The consolidated debt now carries a 6.5% interest rate as part of his mortgage, adding only $340 to his monthly housing payment.

The financial transformation was immediate and dramatic: from $1,400 a month in credit card payments to $340 in additional mortgage costs. That returned over $1,000 monthly to his family budget—money that can now go toward savings, investments, or simply breathing room in their finances. Plus, he's actually making progress on principal reduction at that lower rate.

To learn more, go to: https://travisegan.com/va-refinance

If high-interest debt is crushing you, your home equity might be the answer. Let's talk about what VA cash-out refinancing means for your family's financial health. Remember, I'm here to help.

Semper Fi 🇺🇸

#VALoan #DailyOrders #Veterans #CashOutRefi #DebtConsolidation #FinancialFreedom #VeteranRelief #VAMortgage #MilitaryBenefits