You’ve all seen the videos. You’ve heard the stories. Black Friday is next week. People leave the comfort of their Thanksgiving table to stand out in the cold and fight their way in to get a DVD player for $12. Some people go for specific items. Some go for the atmosphere. Some, I guess, go to get out of doing the dishes. But there’s a better way to get all of your shopping done for the holidays without risking life and limb sprinting through a department store.
A Cash-Out refinance from The Home Loan Expert, Ryan Kelley gives you the cash in hand that you need to buy all of the gifts that you need. How does a Cash-Out Refinance work? Well, it’s a great loan program. Cash out refinancing (in the case of real property) occurs when a loan is taken out on property already owned, and the loan amount is above and beyond the cost of transaction, payoff of existing liens, and related expenses. Basically, you can take out a loan for the CURRENT value of your home, and take out anything that you’ve already paid on the house as a loan. It’s taking cash out of your home.
Why is this a great idea for the holidays? Because it’s a low interest loan! With interest rates so low, and home values increasing, it’s a perfect time to get some low interest cash out of your home. You can then put that toward your holiday expenses. You can then avoid spending on your credit cards, or depleting your savings, and spend far less in interest. You can also avoid the mob scene at the department stores and save yourself the stressful parts of the holidays. You can have extra money to travel, fix up the house, or anything that you need.
Call The Home Loan Expert, Ryan Kelley and take advantage of lower mortgage rates to buy your home or refinance and save money. Call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515 or Nashville at (615) 810-8555. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. Don’t forget to follow @TheHomeLoanEx on Twitter for breaking mortgage news and knowledge. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?