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HELOC or Cash-Out Refinance: Which Is Right for Me?
Homeowners can leverage their home equity to get more done. But how do you know which home equity loan option to choose?
Refinance to Consolidate Debt
Take a step toward renewed peace of mind. Get out of debt fast. Regain your financial freedom. Simplify and save by using your home equity to consolidate credit card debt, medical loans, student loans, second mortgages or other debt into a into a new mortgage with an attractive rate and one payment.
To learn more call 888-546-2634.
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Benefits Of Consolidating Debt
A single, low-interest payment
Reduced monthly expenditures
Becoming debt-free faster
Improved monthly cash flow
Consolidation of two mortgages into one
When Does Consolidating Debt Make Sense?
If your home’s value is more than your mortgage balance, the equity in your home can often be used to pay off high-interest debt. Consolidating your debt can make sense when you want to (1) reduce monthly payments and improve the cash flow in your budget; (2) lower the amount you pay in interest each month; or (3) enjoy the convenience of a single payment instead of multiple ones.
A Cash-Out Refinance can be used to pay off credit cards, student loans, auto loans, medical bills, and other large debts, or even to consolidate mortgages.
How Can I Consolidate My Mortgage Debt?
If you currently have a second mortgage, you can potentially use the equity in your home to consolidate your mortgages into one and benefit from a:
Lower interest rate
Reduced monthly payment
Locked, fixed rate
Faster loan pay-off
Want to learn more about refinancing and debt consolidation? Contact one of our dedicated mortgage consultants at 888-546-2634 to discuss your financial goals and the best options for your unique situation.
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