CASH-OUT REFINANCING LOANS
Among the two most common reasons for cash-out loans are home improvement and the consolidation of revolving and other undesirable types of debt.
Making improvements to your home can be an extremely rewarding pursuit! Your home is the greatest investment you will make, so keeping that investment valuable is paramount to your success. Whether your goal is to add new rooms, install a home theatre, or simply upgrade your heating/cooling equipment; cash-out refinances are your ticket to a happy home ownership.
Consumer Debt is one of America's largest economical concerns. The total amount of consumer debt has increased 14% since last year. But the truly frightening part of credit card debt is that it carries a very high interest rate, compounds daily and can feel like running on a hamster wheel. While revolving debt can be an appealing way to free up extra cash, it also carries a strong risk of becoming a life long commitment for thousands more than the original amount. There are two ways a home owner can pay off or consolidate debt. You may add money to your current mortgage, or you can choose to take out a new second mortgage or home equity line of credit.
*Flagship Financial Group is not a qualified tax advisor.
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Flagship Financial Group, LLC is licensed in most states. Applicable law requires that the following licensing information be listed. Department of Corporations under the California Residential Mortgage Lending act; Licensed Mortgage Lender (FL); Arizona Mortgage Banker, License Number BK-0112158, Georgia Residential Mortgage Licensee # 17297 3130 W Maple Loop Dr., #200, Lehi, UT 84043 (GA); Illinois Residential Mortgage Licensee; Registered under the Kansas Mortgage Business Act License Number of 2002-4309; Mississippi Registered Mortgage Company; Maine Mortgage Lender License# SLM9424; Licensed by the New Hampshire banking department; Mortgage Broker 13439; Licensed by the Pennsylvania Department of Banking (PA); Virginia State Corporation Commission License #2449. In certain states in which we do conduct business, certain restrictions and limitations apply.
