Check out our Cash Out Refinance Program!!
We have had a lot of a success lately with assisting with Cashout Refinances. We generally do them for debt consolications but have done them in past for clients looking to add onto their home.
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Max cash out loan to value is 85%. Ex: A home appraised at $400,000 would have a max loan amount $340,000.
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Great for debt consolidation 2nd mortgages, car loans, credit cards, etc.
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You can take full advantage of the mortgage interest tax deduction unlike if you are paying credit card and auto loan rates which are not tax deductible.
Success Story Debt Consolidation - We had a client that had total debt obligations of $4,900 per month which included mortgage payments, car payments and credit cards minimum payments.
We successfully refinanced them to a $2,200 dollar a monthly payment saving them $2,700 in monthly debt obligations each month.
That's an extra $2,700 a month they could use to pay off other debts or simply put into savings.
What could your family do with the extra cash each month???
Watch this short video on what's needed for a Refinance or a Pre-Approval