Save thousands on the debt you already owe.
One of the best ways to save money is to use a Carrollton Bank Home Equity Line to pay off high-interest credit cards, furniture loans, car loans, etc. You can save thousands with the lower interest rate, plus additional savings on income taxes (consult your tax advisor).
Here's a typical example of how much money you can save …
| Existing Loans |
Amount |
Rate |
Total Interest |
| Credit Card Bills |
$6,000 |
18.00% |
$2,460 |
| Furniture Store Loans |
$8,000 |
21.00% |
$3,890 |
| Remodeling Contractor |
$16,000 |
12.00% |
$4,224 |
| Total |
$30,000 |
|
$10,574 |
Pay off these loans
with a Carrollton Bank
Home Equity Line |
$30,000 |
6.75% |
$4,315 |
Assuming all loans at the stated rates for 48 months, with a combined federal and state tax rate of 30%.
| You could save… |
|
| Interest |
$6,259 |
| Income Taxes |
$1,295 |
| Total Savings |
$7,554 |
|
 |
Rates shown above are for illustration purposes only. |
|
| |
|
|
