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5 Types Of Debt To Consolidate With A Cash-Out Refinance

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If you need a new way to consolidate debt, you may be able to take advantage of a Cash-Out Refinance by using money from the equity you’ve built in your home to pay off your high-interest debt. Mortgage rates are much lower than other interest rates, thus replacing your high-interest debt with a low-interest home loan. Check out the top 5 types of debt to consolidate with a Cash-Out Refinance

Plus, you’re eligible for a Free Mortgage Checkup. See how you can start saving today with a Cash-Out Refinance Loan.*

Top 5 Types Of Debt:

Checklist Icon With #1Credit Card Debt
If you have credit card debt, you’re not alone. On average, credit card interest rates are 19% – that hurts the pocketbook! With a Cash-Out Refinance, you could save thousands of dollars in credit card interest if you’re only able to pay the minimum payment each month on your credit card bill.*

Checklist Icon With #2Medical Bills
Whether you’ve been to the hospital for an accident, pregnancy, or illness, overnight stays and treatments can cost well over five figures. Unpaid debt, including medical, will stay on your credit report for seven years, so it’s important to consolidate your debt as soon as you can.

Checklist Icon With #3Student Loans
Going to school can be expensive. If you took out loans to pay for higher education, a Cash-Out Refinance can get you the funds to lower your monthly debt payments and eliminate your student loans forever.*

Checklist Icon With #4Auto Loans
Are your monthly car payments too high? Pay off your auto loan sooner with a Cash-Out Refinance and save hundreds of dollars in interest charges.* This way, you can free up your monthly cash flow and use it to pay off other expenses or save it for a rainy day.

Checklist Icon With #5Personal Loans
If you’re struggling to pay off your personal loans, a Cash-Out Refinance may be your solution. If you’re unable to make your payments, this could hurt your credit score, lead you further into debt, or make it difficult for you to borrow in the future.

Looking for more savings this year? Let’s upgrade your mortgage and put money back in your wallet with a new Purchase or Refinance Loan.*

5 Money-Saving Tips To Start Today:

Blue checkmarkLower Your Interest Rate
Reduce your monthly mortgage payment for real savings that add up over time.*

Blue checkmarkPay Off Your Loan Sooner
Switch to shorter loan terms to save on interest.*

Blue checkmarkLower Your Monthly Payment
Refinance with longer terms, so more money stays in your wallet.*

Blue checkmarkConsolidate Debt
Cash-out to reduce high-interest credit card debt.

Blue checkmarkPay For Larger Expenses
Invest in your home with updates that will yield a higher return should you decide to sell in the future.

If you are interested in learning more about how a refinance or new home purchase loan can benefit you, just give us a call at 877.715.9908 or get your instant rate quote here.

Imagine The Possibilities With Your Better Home Loan!

 

*By refinancing, your total finance charge could be higher over the life of the loan.

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    *By refinancing, your total finance charge could be higher over the life of the loan.

    ©2022 AmeriHome Mortgage Company, LLC, A Western Alliance Bank Company. Branch Office located at 17885 Von Karman Avenue, Suite 100, Irvine, CA 92614. NMLS #135776; AZ d/b/a AmeriHome Funding, LLC #0917700; California Licensed by the Department of Financial Protection and Innovation, under the California Residential Mortgage Lending Act #4131116; Licensed by the N.J. Department of Banking and Insurance; Rhode Island Licensed Lender. For licensing information, go to: www.nmlsconsumeraccess.org. Not all applicants will qualify. Not available in all areas. Other terms, conditions, and restrictions apply. No goods or services are intended to be offered to users in the EU. Equal Housing Lender.

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