Refinance Away Those Holiday Blues
Refinance away those holiday blues! - With the holidays fast approaching, what better time to call a mortgage broker and ask him to show you how to use the equity in your home to take the stress out of the holiday season!
There are many options for refinancing that can make your holidays better. You may want to use the equity in your home to consolidate holiday bills. Another option is to refinance to lower your monthly mortgage payments, this frees up more cash that you can use towards paying down credit cards.
When you refinance your home you are typically able to skip at least one mortgage payment, helping to free up a significant amount of money in the short term. Some programs even allow you to defer payments for up to 6 months!
The secret to paying off debt it to aggressively attack your principle balances. This can be done spending the same amount of money each month that you already spend if you use a home equity loan. The concept is simple. Combine all of your debts into one low monthly payment. Then use the savings to pay down the principal balance. You will be debt free in 5-7 years.
Consult a tax professional to see how a refinance may benefit your personal income tax situation.
The best part is that the interest will all be tax deductible when you pay off your credit cards with a refinance!
Refinancing your home - Refinancing your home is a very common and popular thing. There are many, many benefits to refinancing your home. One benefit of refinancing your home is to switch from an adjustable rate mortgage to a fixed rate mortgage. This will give you the peace of mind and security in knowing that your mortgage payment will remain the same throughout the life of your loan and your interest rate will never increase on you. Consult a mortgage professional immediately to find out if refinancing is right for you.
Another benefit of refinancing is that it can be used to lower your monthly payments. You can lower your monthly payments by getting a lower rate, or extending the term of your mortgage. Another common option is to get an interest only mortgage.
If you have any questions regarding our products, you can contact us by calling or e-mailing us and we'll get back to you as soon as possible. Thanks!
Information listed above is to be used for educational purposes only and is not guaranteed