You may be wondering what the heck is happening with interest rates while property values continue to increase rapidly.
With rates still at historical lows we wanted to check in with you to see how you are doing with your home and your mortgage. Did you know that even if your current interest rate may be lower than today’s rates, there are many valid reasons where a refinance makes great sense?
Many are using their equity to restructure how they manage their debts and, in some cases, saving thousands of dollars in monthly expenses.
And others are pulling cash out to purchase 2nd homes or purchase an investment property, so they can use their equity to build wealth.
Cash out from your refinance can be used for any reason at all, see below for just a few ideas.
- Cash out for home improvements
- Payoff high interest credit cards/consolidate debt
- Pay for college tuition
- Payoff your HELOC
- Cash out to purchase a 2nd home or investment property.
- Go on your dream vacation
Call or email today and see if you may qualify for a *no cost refi and skip a month’s payment!
*Conditions apply
Ready to get started? Reach out today! We’re here to help!
Tim Erickson
P: (652) 451-2273
E: tim.erickson@goluminate.com
W: www.TimEricksonMortgage.com
Mark Henderson
P: (651) 398-3477
E: mark.henderson@goluminate.com
W: www.MarkHendersonMortgage.com