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Refinancing allows you to wrap your debts into your mortgage. You must, however, have enough equity in your home to cover both your loan balance & the cash you need to pay off debts. If your current interest rate is at least 1 point above your state's average and you have enough equity to avoid PMI, then this is the best way to go. The Benefit: The
lowest interest rate possible. To shop multiple lenders for this loan, fill out our easy to use form.
Home Equity
Taking out a home equity loan allows you access to the money you need. Although the interest rate may be higher than refinancing, people opt for this loan type because there is little to no loan origination costs. Like a Refinance, Home Equity loans are 100% tax deductible! To shop multiple lenders for this loan, fill out our easy to use form.
125% LTV's
125% LTV's are helpful when you have little to no equity
in your home, and/or your credit is less than perfect. While interest rates are a lot higher than the other loan types mentioned, it allows you to consolidate your debts into one low monthly payment and get your finances back on track. To shop multiple lenders for this loan, fill out our easy
to use form.
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