Refinancing your existing interest rate could provide you hundreds of dollars each month. Have you checked your existing home loan rate lately? Most likely, rates have dropped since you last financed your home. If this is the case, you may want to consider refinancing.
BENEFITS TO REFINANCING INCLUDE:
Paying off a balloon payment
Converting an adjustable rate loan to a fixed rate loan
Extract cash equity in your home (cash out)
Lower your monthly payments
Cashing out could also help you with: home improvements, an education fund, or consolidating debt.
**Another way to convert equity in your home to cash is a "home equity" loan. A "home equity" loan is an alternative to refinancing if your home loan has a very low rate compared to current interest rates or if you have a prepayment penalty on your loan.
For more details on refinancing and home equity loans, give us a call, we are here to help.
4348 Van Nuys Boulevard, Suite 200 | Sherman Oaks, California 91403
o. 818.907.5757 | f. 818.907.5626
2583 North Palm Canyon Drive, #200 | Palm Springs, California 92262
Corporate BRE: #01144034 | NMLS: #31338
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