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Benefits of cash out refi

Utilizing Rising Home Equity To Get Cash & Consolidate Debt

May 15, 2018 9:29 pm
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Need cash or to consolidate debt? Trulend mortgage has smart REFINANCE options!

As home values continue to rise, Trulend Mortgage is helping homeowners use their home’s untapped equity as a tool to consolidate higher interest debt and to provide cash for other needs, such as, remodeling, adding on to a home, investment property, tuition, vacation or even business capital.

Typical Benefits of a Refinance:

  • Possibly reduce monthly mortgage payment by decreasing or eliminating mortgage insurance
  • Consolidate  higher interest rate debt into one payment
  • Cash in-hand for other needs
  • Improve  credit and monthly cash flow
  • Consolidate 1st mortgage and a HELOC into one loan

Note: By refinancing the existing loan, your total finance charges may be higher over the life of the loan
Always consult with a tax advisor concerning tax implications of your mortgage.

Wondering if you’re better off refinancing or looking to speak with someone about more information? Contact us! 

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This post was written by Trulend Mortgage