High-Interest Debt Can Put Pressure on Your Entire Budget
Credit-card balances and rising household expenses can make it difficult to get ahead. When more of your monthly income goes toward high-interest debt, there may be less available for savings, unexpected expenses and the things that matter most.
If you own a home, the equity you have built may provide another option. Refinancing could allow you to consolidate debts, free up cash flow, access available equity or adjust your mortgage terms based on your current financial needs.
Every homeowner’s situation is different. That is why the first step is a free personalized review, not a one-size-fits-all recommendation.
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What Could Refinancing Help You Accomplish?
- Consolidate High-Interest Debt - Use available home equity to potentially pay off qualifying credit-card balances or other higher-interest debts and combine them into one monthly mortgage payment.
- Create More Monthly Breathing Room - Replacing multiple debt payments with a new mortgage may help improve monthly cash flow, depending on your loan terms and individual financial situation.
- Put Your Home Equity to Work - Your home may have built equity that could be used to address important financial priorities. A Golden Oak loan officer can help you understand how much equity may be available.
- Review Your Current Mortgage - Even if you are unsure whether refinancing is right for you, a free mortgage review can help you better understand your current loan and available options.
No Mortgage Payment Until NEXT Year!
When a refinance closes, the first-payment date is determined by the closing date and terms of the new loan. Depending on when you close, your first mortgage payment may not be due for up to two months.
- Are you interested in reducing the term of your loan?
- Are you looking to convert an adjustable rate into a fixed rate?
- Is the interest in credit card bills eating away at your budget? Are you hoping to consolidate debt?
- Do you need major home improvements or money for college expenses?
- Would you like to lower your mortgage rate and/or payments?
If you answered yes to any of these questions, then let Golden Oak Lending be your partner through the refinancing process. We will ensure that you receive a tremendous rate that allows you achieve your financial goals, all while saving you money!
A FREE Personal Mortgage Review, Without the Pressure
At Golden Oak Lending, you will work with an experienced personal loan officer who will take the time to understand your current mortgage, available equity and financial goals.
Your loan officer will explain your options in plain language, answer your questions and help you determine whether refinancing makes sense for your situation.
We call it your Free Mortgage Check-Up because sometimes the most important first step is simply understanding your options.
- A free personalized review of your current mortgage
- Clear explanations without confusing mortgage terminology
- An experienced local loan officer as your point of contact
- Loan options based on your specific financial situation
See What Your Home Could Do for You
Whether you want to pay off high-interest debt, create more monthly breathing room, reduce financial stress, or simply understand your current mortgage options, Golden Oak Lending is ready to help.
