Trying to consolidate your debt? It's time to think about a Cashout Refi.

The FED announced another rate hike on March 15, 2017 and they are widely predicted to continue raising rates as our economy continues its recovery. The short term Fed Funds Rate does not directly correlate to mortgage rates. However, it is closely tied to the interest rates we pay on credit cards and other short term debt such as auto loans, home equity lines of credit, etc.

At the same time, we are also seeing rising home prices / value as a result of historically low inventory. This is creating equity in existing homes that was not there just a short time ago.

This combination of factors has created an ideal opportunity for cashout refinances that allow you to consolidate your debt with rising payments into one tolerable fixed mortgage payment. A cashout refinance can get you funds for deferred maintenance on your property, debt consolidation, or virtually any other use you can think of.

Contact us today for a free analysis of how we may be able to help you tap into the potential of your home equity.

-Dan Borg, Regional Production Manager