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Refinance & Debt Consolidation
When was the last time you checked the equity in your home? This simple process may help change your monthly budget and help you live a little better. Most people don't really know the value of their home and the value of putting the equity to work for themselves. In most cases everyone thinks they should pay off their 30 year fixed loan as soon as possible and then they own their home, but what then? We can show you how leveraging the value you already have in your home can help you achieve a better life. It could be for debt consolidation, an addition, or college. So call us and see how we can help you live better financially — it's FREE to find out how we can help.
Refinance - Put Some Cash Back into Your Pocket
A change in your rate can mean a big difference in your cash flow. A ½% difference in your interest rate can save you over $100 each month and $30,000 over the life of your mortgage depending on your loan amount and your term.
- Uses the equity in your home so there is no out of pocket expenses
- No upfront fees, no rate lock fee, no application fees
- Owner occupied or investment one to four family properties
- Many options available - too many to list here so call to find out how a refinance can help your situation
Refinancing Tip: If you bought several years ago and you're paying Private Mortgage Insurance (PMI), you may be able to save even more by refinancing. PMI is insurance that borrowers pay on a mortgage to protect the lender in case the borrower defaults on the loan. The premiums for PMI vary, but they can add the equivalent of an extra ¼ to ½ percent to your interest rate.
Cut out your credit card charges
If you are paying interest charges on any credit card, you are paying interest rates that are designed to let you pay the monthly minimum so you'll never pay off the principle. That's not a comforting thought. Also, the interest you pay has no effect on your taxes. By using your home equity to pay off those loans, you eliminate that unnecessary interest charge and it becomes tax deductible.
Home Improvement
You can use the equity in your home to actually make it more valuable. This program allows you to build an addition, remodel a kitchen or maybe make the master bedroom into a suite. What ever you want to do, chances are very good that you will increase the value of your home by more than the cost of the loan. This is a great long term plan for a future nest egg.
*Remember these are only ideas of how creative Realnet Direct can be in order to help you meet your financial goals. The best way to find out what fits you, start your test drive today.
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