Mortgage & Refinance - Homelix
Refinance up to 80% of your home's value quickly and easily to pay off high-interest credit card debt that has caused your cash flow to slow to a trickle. Worried about penalties? Don't think it can make much difference? Think again. By using your home equity to consolidate your debt, you can improve monthly cash flow, have one easy payment, and be mortgage-free quicker.
Refinancing is also a good option to pull out equity for consolidating debt to pay off those high interest credit cards and lines of credit, increase your cash flow, complete home renovations, fund investments, pay for your children’s education or wedding, and more.
5 Reasons to Refinance
Fresh start.
If you have too much high-interest debt, you may be able to roll everything into one manageable monthly payment on a low-interest mortgage. Then you get a financial re-set, and can potentially save thousands of dollars in interest.
Dream home.
If you’ve found the perfect cottage, chalet, or the retirement home of your dreams, refinancing may be the way to make that purchase happen now if you’re not quite ready to sell your primary residence.
Renovate.
Renovating your home is often a less expensive option than moving. And the right renovations can improve the quality of your life and increase the value of your home.
Wealth building.
A rental property can give you a great wealth building opportunity and a source of retirement income. Or you may want to invest in a new business venture.
Large expenditures.
You may be able to get the funds you need for major expenses (tuition, wedding etc.): a much better strategy than loading it all onto high-interest credit cards.