high ltv refinance
high ltv refinance
high ltv refinance

 

When you are approached by someone to refinance the house, you must be sure you do not do it for the wrong reasons.

However, the interest you pay on a Home Mortgage or Home Equity Line of Credit is tax deductible. So even if you transfer credit card or other debt at low interest rates you will probably still win because of the tax benefit.

A home is probably the biggest purchase a person makes but that does not mean they have to stick to a lender and pay high interest rates forever.
When a borrower takes money from the equity in their home, which is known as a cash-out refinancing. For this type of mortgage refinancing to be a viable option, the owner must have a good amount of equity in the property.

However, if you have equity, your home is an exceptional resource extra cash.

This can be thousands of dollars and when you are looking to save money the last thing you want to do is write a check for a few thousand dollars.