Did you know that each year you may be building more equity in your home? That’s right! By working hard and making on-time mortgage payments, you could be building equity in your home, and you may be able to use that equity to take cash out to pay for anything you need with a Cash-Out Refinance Loan. A Cash-Out Refinance has many benefits that could help you accomplish your life goals and provide you with a lower interest rate than you might see with other loan financing options such as high-interest rate credit cards.*
Check Out The 3 Benefits Below:
If you have credit card debt, you are not alone. Many Americans are facing challenging economic times which can include credit card debt, and 80% of Americans have some type of consumer debt that doesn’t include their mortgage. Did you know that the average credit card interest rate is 22%? Use the hard-earned equity in your home to pay off your debt and save thousands of dollars in credit card interest that you would owe if you only paid the minimum payment on your monthly credit card bill. Take, for example, this scenario: If you used a credit card with a 22% interest rate to make big purchases, you could be looking at:
Make Home Improvements
Making little improvements around the house can go a long way. Whether you’re looking to upgrade your kitchen, paint the walls, or update the fixtures, making renovations may increase your home value’s market price which can be extremely beneficial if you decide to sell your home in the future.
Pay For Large Expenses
Dreaming about the perfect wedding but don’t have enough funds to make it happen? Or, are you looking for some extra cash to invest in higher education? You may be able to take cash out from the hard-earned equity in your home and make your dream a reality.
Plus, you’re eligible for a Free Mortgage Checkup. See how you can start saving today with a better home loan.* If you are in the market to buy a home, get a loan pre-approval so you can shop with confidence to get the home of your dreams.
6 Money-Saving Tips To Start Today:
Pay Off Your Loan Sooner
Switch to shorter loan terms to save on interest.*
Lower Your Monthly Payment
Refinance with longer terms, so more money stays in your wallet.*
Cash-out to reduce high-interest credit card debt.
Pay For Larger Expenses
Invest in your home with updates that will yield a higher return should you decide to sell in the future.
Get Extra Savings
After you have financed a home with us once, save up to $1,000 on all your future refinances and new home purchase loans with your AmeriWallet Benefits.**
Imagine The Possibilities With Your Better Home Loan!
*By refinancing, your total finance charge could be higher over the life of the loan.
**As a member of the AmeriHome family, borrowers are part of the AmeriWallet Rewards program. If you completed a home loan with us once, you will qualify for $500 off lender fees and up to $500 credit toward out-of-pocket appraisal fees paid for all of your future refinances or home purchases done with AmeriHome, for any property you own. To qualify for this offer, you must have previously financed the purchase of a home or refinanced with AmeriHome. You have financed with AmeriHome when AmeriHome Mortgage Company, LLC appears on the previous Promissory Note for your loan, and you are listed as a borrower on the Note. Credits will be applied only if your loan closes with AmeriHome. This offer can not be combined with any other offers and is not applicable for FHA Streamline, or VA IRRRL Refinance transactions. Other restrictions may apply. Terms and conditions are subject to change. AmeriWallet Rewards program is subject to termination without notice.
¹Home buyers who utilize Newzip’s agent matching service will receive the cash reward in the form of credit at closing equal to 0.5% of the home sale price. In the event that the cash reward exceeds the concessions limit the customer will receive the reward in the form of a check within 30 days of their closing date. Home sellers who utilize Newzip’s agent matching service will save 1% in the form of a pre-negotiated agent listing fee. Obtaining a mortgage from AmeriHome is not required to utilize the Newzip cash rewards program. The cash rewards program is available in all 50 states for selling and 42 for buying. The following states do not allow cash rewards for home buyers: Alaska, Iowa, Kansas, Mississippi, Missouri, Oklahoma, Oregon, or Tennessee. Realeaux Inc. (dba Newzip) is a licensed real estate brokerage based in Massachusetts, License #423451.