Consolidate credit card debt
Using your home equity to pay off your high interest credit card debt can save you thousands of dollars in the long run. Unlike your home loan, the interest you pay on a credit card is not tax deductible, and you pay a higher rate than you would on your mortgage. By refinancing your mortgage, you can turn your home’s equity into cash to pay off debt and consolidate your bills into one monthly payment. Talk with The Power Is Now Mortgage Services today to find out if this option is right for you. Also, be sure to consult a tax advisor about all potential tax advantages.
Things to consider about refinancing your mortgage
There are many factors to consider when you are deciding whether to refinance your home loan. Be sure to think about each of the following and talk with our mortgage specialists to have all your questions answered:
- How will it affect you financially? Try our online mortgage calculator to figure how much refinancing might help your budget.
- How long will you live in the home? If you plan on selling or moving in the near future, refinancing with a low interest, Adjustable Rate Mortgage could be the best choice.
Contact a licensed mortgage specialist today to discuss your refinancing loan options
, such as a 15 Year Fixed Rate Mortgage
, Interest Only Home Loan
, or a Reverse Mortgage Loan
. The Power Is Now Mortgage Services is a mortgage lender
, not a broker, so you can trust that our experts have your best interest, not commissions, in mind.