For many people, their home is their
biggest investment and source of savings. When they need to borrow money for
major expenses, or to pay off accumulated debts, they can use their home value
to borrow money.
Pay off your credit cards
If you have credit card or
other consumer loans, it is often less expensive to consolidate these expensive
loans with your mortgage. Not to mention a great tax
benefit!
Credit card
interest rates are usually much higher than mortgage interest rates. And, the
interest on your mortgage is tax deductible, while the interest on your credit
card is not. Our loans are based on simple interest while your credit cards are
based on compound interest, ouch!
Take a look at your current situation,
would you rather have one loan one payment, or continue with a mortgage and 3-8
credit cards. This means you’re paying separate interest on various
accounts instead of just one. Which in turn means that you’re throwing
away the money you worked so hard for. Call us today and let us help you
get that cash back where it belongs, in your pocket!
If you have enough home equity, you may be
able to pay off your pricey credit card debts and save
money.
Refinance vs. Home Equity Loan
Generally there
are two ways to use your home equity to borrow money. You can either refinance
with a new mortgage that is larger than your remaining balance (a cash-out
refinance) or get a home equity loan. have various programs to fit your lending
needs!
Stated Income/Stated Assets Loans
available.
First Time Home Buyers are not a
problem! Debt To Income ratios up 55%. 6% Seller
Concessions allowed on
purchases.
We lend on the following residential property types:
SFR, PUD, town homes, condos, 2-4 units, row homes, dome homes, modular
and manufactured homes. Rural properties, Investment properties and
mixed use properties are also
welcome!
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