Refinancing Your Mortgage
Many of our clients are applying to refinance a mortgage in order to keep on track with their financial goals. A home refinance can be beneficial in many ways when todays’ mortgage rates are at historically low levels and you have available equity in your home. A debt consolidation and monthly budgeting is all about cash flow. Paying off high interest credit cards and other debts using your equity can help increase savings and take the stress away from paying multiple debts and accruing interest on them. Our clients average monthly cash flow savings of over $1000 when paying off high interest , high monthly payment credit cards, credit lines, car loans and other personal debts. Even with paying a penalty to break your mortgage term early, it is almost always more beneficial to do so and payoff higher interest debts especially when mortgage rates are as low as today’s.