The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

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Refinancing Strategies to Reduce Credit Card Debt and Buy a Home

By Scott Sheldon / May 20, 2025

Refinancing Strategies to Reduce Credit Card Debt and Buy a Home If you’re sitting on a 3% mortgage and juggling high-interest credit card or auto loan debt, you’re not alone. As of early 2025, the average American household carries about $7,321 in credit card debt, with interest rates often exceeding 20% . This financial strain…

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