Unconventional Mortgages and Loans

Look to us for your holiday needs. Get cash out to consolidate credit cards, or remodel your home. We can help you meet their financial goals om that we do offer fixed rates, arms, and 1st and 2nd lien Home Equity Lines of Credit.

There are a lot of reasons to do a Cash Out Refinance. The most common reason is to consolidate debt, in particular, credit card debt. For most Americans, holiday shopping and mounting credit card debt are synonymous.
Not only are mortgage interest rates much lower, but almost as significant is the difference in the nature of the interest. Mortgage interest is simple interest where as credit card interest is revolving compounding interest, huge difference. With credit card interest, the interest is calculated every month on the new balance that includes the new interest from the previous month. So basically, you’re paying interest on interest.
Of course this isn’t an invitation to charge up all your cards for things you don’t really need and then sink it into your home, but if you happen to have a lot of consumer debt from all the holiday shopping you had to do, we can help.

Spend wisely and have a happy and credit card debt free new year!