Should I use my house to pay off debt? – cash-out refi – Refi now! Rancho Cucamonga Loan Officer


hey this is Chris Trapani the
mortgage pro people always ask me Chris can I cash out and maybe pay off
some debts well in so many circumstances I know people in the industry and your
neighbors are saying hey they use their house like an ATM machine well look if
it could put you in a better financial situation then do it if it’s gonna put
you in a worse financial situation I wouldn’t do it for you anyway but if you
can consolidate take your mortgage put it in a low interest rate take your car
loan make it tax-deductible may you take all your other debts credit cards that’s
bad debt okay tax-deductible debt is good debt all the other stuff is bad
debt if you could pay all those off sometimes say five hundred thousand
dollars a month it just makes sense to me now what if you took that thousand
dollars a month made believe you didn’t save a penny of it and you paid your
principal down every single month how many years would you save on your
mortgage that might even be a better deal for you call me Chris Trapani the
mortgage pro you can upload your documents by clicking right here you can
upload all your debts all your credit cards car payments and your most
important is your mortgage statement and I’ll do an evaluation for you let’s see
what we can do how much money we can save you let’s fire a bank

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