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Debt Consolidation

Debt Consolidation: Mortgage Refinance for Homeowners

As a homeowner, you have many expenses that you have to pay for from your income. As a result, you have to deal with many types of debt, including your mortgage, auto loans, student loans and credit cards. These financial responsibilities can make managing your finances quite a challenge. The good news is that you can use the financial power you've accumulated in your home to make managing your finances much easier.

Simplify Your Obligations

It can be difficult to manage multiple bills with different payment amounts and schedule of payment. There are also times when you have entered into high-interest loans or put large amounts on high-interest credit cards to meet your obligations. You can use debt consolidation loans for homeowners to eliminate high-interest alternatives and convert all your obligations into one fixed monthly payment. This will make the payment process easier and hassle-free.

Refinance to Consolidate Debt

It doesn't make sense to maintain balances on high-interest loans or credit cards when you have the opportunity to refinance your home. Typically, home mortgages carry a much lower interest rate than credit cards, making it easier for you to pay off your debt by paying a fixed amount over a period of time. We can help you make sense of this mess and organize your finances.

Southpoint Offers Refinance Expertise

Our loan officers can guide you through your options of loans for what best fit your needs. Your home is your greatest asset, the equity that has grown can help you pay for life’s expenses and home projects.

If you are a Veteran of our country we can help work with you to receive up to 100% refinance.

If you are currently in a USDA /Rural Development loan we can work with you to lower your interest rate with no appraisal required.

Current FHA borrowers can take cash out of their equity up to 85% of their home’s current value.

Fannie Mae borrowers can enjoy cashout with no mortgage insurance added up to 80% of their home’s current value.

We're Here to Help

If you have questions about the type of loan, closing costs and interest rates you qualify for, the Southpoint lenders can answer all your questions and give you the insight you need to make an informed decision. Call us today and talk to a lender who has your best interest in mind and will guide you through every step of the loan process.

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