Consolidate All Your Bills into One Low Monthly Payment
If you have significant equity and great finances you may be able to cash out at a very good interest rate and invest in a second home or an investment property and improve on your assets.
Most people however, have more than one debt. You may have high interest credit cards, loans and mortgages. To pay off one debt you may need to borrow from someone else, creating yet another debt. The solution to this problem is a debt consolidation mortgage loan. We can help you consolidate your debts and lower your payments by eliminating the monthly payments associated with your credit cards and debts. This is also the first step in improving your credit scores as anytime you utilize more than fifty percent of your available credit card balances, you are causing a reduction in your scores.
If you own a home, you can get a new mortgage at today’s lowest mortgage rates. With a cash out refinance you are able to consolidate each of your high interest credit cards, as well as your consumer loans, into one inexpensive and affordable monthly payment with low interest. We specialize in helping you get control of your finances and your mortgages with simple common sense home mortgage loans and solutions.
Consolidate your 1st Mortgage and your variable Home Equity Line of Credit (while it’s still possible)
Too many people fell in love with the low interest rate of their Home Equity Line of Credit (HELOC) and failed to refinance while there was equity in their home. Don’t let that happen to you. Home Equity Lines of Credit have a variable rate and are a ticking time bomb. The reason is you may not have the equity tomorrow that you have today and when rates go up (and they will) you won’t have the equity to refinance at the best rate. All it takes is a few short-sales or foreclosures to wipe out your equity. Take care of the risk in your financial picture before it takes care of you. You will sleep better at night and can concentrate on reducing your principal balance and funding your retirement. Don’t let indecison or fear of facing the process stop you. Give us a call, we make the process simple and hassle free.
Tax Deduction and Debt Consolidation
Another possible advantage is that interest you pay on your new mortgage may be tax deductible. Normally, if you add your first mortgage to a new debt consolidation loan, and the total does not exceed 100% of the appraised value of your property, the interest you pay will be fully deductible. Your tax consultant can advise you on the matter, and it’s always a good idea to check with him or her.
We specialize in cash out refinances. Speak with one of our loan officers today to get a free consultation on how much money we can save you every month.
