Interest rates are at historic lows so now may be the time to refinance, get lower monthly outflow, and at the same time increase the quality of life with a complete kitchen remodel.
Consider this example:
Before refinance: Monthly
$160.000 mortgage at 6%.................$1100
10,000 credit card balance...................320
Total...............................................$1420
After refinance:
$182,000 mortgage at 4.2%..............$1030
In this example a new $182,000 mortgage pays off a $10,000 credit card balance eliminating a $320 monthly expense, and leaves enough cash to do a complete kitchen remodel. The total result is a $390 reduction in monthly outflow, not counting the money the family saves on going out to eat because they love their new kitchen so much!
Contrary to popular opinion there are financing options available to qualified borrowers. If you are interested in discussing this or another finance option feel free to stop by the store any time.
Bob
No comments:
Post a Comment