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When it comes to making the decision to refinance your home loan, you will want to know what is best for you and your budget.
If you don't watch you monthly expenses, don't be afraid. Your Loan Officer can help you work your personal figures and together work out a plan.
Equity in your home can help you consolidate debt that has higher interest rate credit cards.
Let's go over some home loan programs and features.
Debt Consolidation allows a homeowner to leverage the equity from their real estate, or home, or property, to pay off other debts and ease the monthly expense outlay. This commonly referred to as a Cash Out Refinance
To leverage equity in an investment property, the guidelines are more strict.