Refinance – Equity is Power
Equity-rich homeowners want to renovate, buy vacation homes, add swimming pools, fund college educations, and consolidate debt. We can build a comprehensive game plan and target your goals precisely. Contact us to determine your home's worth and to discuss how much "cash out" is possible.
Why refinance?
- The adjustable rate mortgage (ARM) you got 3-5 years ago is ready to adjust.
- The home equity line you got is now over 8% (prime plus).
- Improvements: You’ve decided to stay in your home, add on, upgrade or make repairs.
- College: Refinancing with cash out might make sense to cover 4 years of tuition.
- Your credit profile has improved: tenure in job, income level, payment history, equity%.
- Appreciation: Home has increased greatly in value and you want to leverage that.
- Investments: You want capital for a second home or retirement home.
- Conforming loan increased to $417,000; those who took out jumbo loans years ago at a premium can now get better conforming rates.
- On Jan. 1, 2006 the minimum payment on credit cards was raised from two to four percent. Let us help you consolidate your debt and write-off the interest.