With so much going on during the holidays, why would any sane person consider refinancing?  Well, it might make more sense than it appears at first glance.

One of the main reasons might be to pull out cash for end-of-year expenses, or to free up your cash-flow and get yourself on a better financial footing for the next year.  In 2017 the average American household carried $15,675 in credit card debt.

With a fast Hard Money Refinance, you could pay off debt and use the remainder of the proceeds to pay cash for holiday expenditures rather than incur more debt.  The interest rate on your refinance would surely be less than the interest rate on your credit cards!

Other benefits to consider when refinancing at the end of year:

  • Some of your closing costs would be deductible on this year’s taxes
  • Your next payment on the new mortgage won’t be until February, 2019.  This lag time will give you even more of a cushion to help recover from holiday expenses.

Choosing a Hard Money Lender like Sun Pacific Mortgage, you could conceivable close your refinance within 15 days, and be on your way to a more relaxing end of the year.  Santa’s helpers are awaiting your call at 707-523-2099. Happy Holidays!

Read the original blog here.

Best, Forest – The Guy in the White Hat

Hard Money Broker and Co-Owner of family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! 707-523-2099  www.sunpacificmortgage.com
CA DRE license #010005559 and NMLS #289456

Note:  Get our financing despite bad credit, difficult to prove income, property a fixer, etc.!  We finance Jumbo loans, Bridge and short-term loans, Owner Occupied purchases and refinances, investment purchases, commercial and land.

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