| Get cash out of your home |
If you have built equity in your house through paying down your mortgage or because you could sell your home at a profit today, then you can refinance and get cash out of your home.
Getting cash out of your home makes sense in a lot of situations- you can use the money for home improvements, pay down expensive debt or invest the money in other assets. |
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| Consolidate your credit card and auto debt |
| If you have high credit card balances or car loans and also have equity in your home, it might save you money to consolidate by refinancing your home and using the proceeds to pay off the other debts. Home loans generally have lower rates to begin with, plus the interest on home loans is tax deductible. You save money each month and at tax time! |
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| Lock in a low rate |
| If your adjustable rate loan is about to start adjusting upward, you can protect yourself from increased payments by refinancing today and extending the fixed rate period of your loan. Then, you can sit back and wait while we watch the market and when the time is right, we can do it again and get you and even lower rate! |
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| Get more control of your finances |
If you currently have a fixed rate or fixed payment mortgage but would like more flexibility with your monthly payments, refinancing can help.
Option ARM loans offer the most flexibility. You get to choose where to put your money whether it's into the mortgage or into some other expenses. Why run up expensive credit cards when you could take the minimum payment whenever you need to make other purchases. |
