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You may be able to save hundreds of dollars each month and convert non-deductible interest payments into tax deductions*. By simply refinancing high interest credit card loans, auto loans and other installment debt together with your existing mortgage, you may be able to save hundreds in monthly interest payments. If you then reinvest interest savings towards reducing your principal balance, you will be able to pay off your mortgage sooner than you think and own your home free and clear. *consult your tax advisor |
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Refinancing your current mortgage to tap into the equity in your home or taking out a second mortgage or home equity loan could be a very cost effective way to finance major purchases such as home improvements or college tuition. Once again, you will have the benefits of tax deductibility versus other forms of financing. You will also be able to leave your cash reserves and investments where they are, allowing them to grow and be there when you need them. |
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$ 739.66 P&I Payment |
Refinance Loan Balance @ The Reduced Rate of 7.5% for 30 Years, P&I Payment now Equals | $594.33 A Savings of $145.33/Month P&I |
85,000.00 Loan Balance @ 9.9% on 30 Years = |
$ 739.66 P&I Payment |
Refinance Loan Balance @ The Reduced Rate of 7.5% for 15 Years, P&I Payment now Equals | $684.75 A Savings of $54.91/Month P&I PLUS A Shorter Loan Term |
Restructuring
Your Current Debts