Cash Out Refinance to Pay Off Credit Card Debt
Pay Off Credit Cards
Cash out refinance to pay off credit cards.
One of the best financial decisions one can make is to eliminate or reduce all high interest debt. Credit cards are notorious for their ridiculously high interest rates which can be financially devastating and can bury one in ever increasing debt.
A cash out refinance to pay off credit card debt, especially high interest credit cards is typically the best option one may take for eliminating such debts.
Mortgage interest rates are currently very low which may result in you saving hundreds or even thousands of dollars a month, and tens of thousands of dollars overtime. For some, this number could even reach into the hundreds of thousands of dollars in saved money overtime (if they have a large amount of debt and were to only pay the minimum payment).
We encourage you to take a close at at what you will save by refinancing to eliminate or consolidate your debts. We specialize in cash out refinancing and provide exceptionally low fees and mortgage interest rates. Compare us to other mortgage lenders and banks and see what you can save by closing your loan through us!
We provide flexible programs and terms to accommodate to your situation. We have a variety of loan options for taking cash out such as 30 year and 15 year fixed rate or adjustable rate mortgages. If you are looking to refinance up to 80% LTV or less we suggest a conventional loan, whereas if your ultimate concern is to take out as much cash as possible you may want an FHA loan which allows higher maximum loan-to-value ratios. Keep in mind that if you exceed 80% on our LTV you will be required to pay mortgage insurance.