The top 5 reasons to refinance your home
Consolidating your debts
High interest debt on credit cards, auto loans, or other consumer loans can be difficult to pay off and may create a barrier to your financial goals. However, if you’re a homeowner, you have additional options to help you manage your debt, including a debt consolidation mortgage and home equity loan or line of credit.
Refinance with a debt consolidation mortgage
As a homeowner, one way to start managing some of your higher-interest debt is to refinance your existing mortgage with a debt consolidation mortgage. For example, the Debt Consolidation Mortgage, allows you to borrow additional money on your mortgage so you can consolidate your debts into one simple payment. That way you can easily budget with a structured payment plan and an assured pay-off date.
Debt consolidation home equity loan or line of credit
Homeowners who are looking to consolidate their debts have the option of using your home equity to secure a loan or line of credit. A home equity loan or line of credit allows you to obtain a lower interest rate and a higher credit limit by using the equity you’ve built in your home as security. By consolidating your debts into a home equity loan or line of credit, you’ll have the convenience of one consolidated payment rather than having several bills from different creditors. This makes bill payments more manageable and the rate is usually lower helping you pay off your debts sooner. With a home equity line of credit you’ll enjoy additional benefits such as making interest payments only on the funds you use, not your total credit limit and having ongoing access to funds up to your authorized credit limit.
Benefits of debt consolidation mortgages and debt consolidation home equity loans or lines of credit
- Interest rates on mortgages and home equity loans or lines of credit are often much lower than those on credit cards and consumer loans
- Making a single payment to your debt consolidation mortgage or home equity loan or line of credit is much easier than making multiple payments to credit cards and other lenders
Source of down payment for a secondary property
Let us help you tap into the equity of your home to make your next property purchase. Use the equity you’ve grown in your home as a down payment for another home, condo or investment property that you’ve been recently considering.
Secondary Home in a Different Country
Are you thinking of purchasing a home or condo in the United States? Now’s a great opportunity to use your home equity and purchase your US property without the insecurity of having to arrange a mortgage in a different country.
Renovating and constructing your favorite room in your perfect home
Whatever your reason for renovating there are many benefits:
- higher market value and increased equity
- improved comfort
- more space
- added convenience
- aesthetic appeal
- improved safety
- energy and resource savings
- greater privacy
- healthier living environment
- easier maintenance
- the simple pleasure of a fresh new look
Helping a family member with a wedding gift
Our loved ones always receive top priority. A wedding is the best time to show your support. Allow us to help you give your loved ones a financial gift and an opportunity they deserve!
Lowering your current mortgage rate and saving money on interest
By simply lowering your mortgage rate will allow you to save money on interest. And the best part is you don’t have to wait till your mortgage comes up for renewal. Allow us the chance to show you how!