Cash out Refinance and Debt Consolidation

Cash Out Refinance:
It's not too late to refinance. Mortgage rates are still low. With the extra money you can afford that something you've always dreamed of. Whether it's remodeling your home, funding college education, purchasing a car or just having extra money. You use it as you need it. Our various loan programs will fit any borrower. Less-than-perfect credit, hard-to-document income, collections are OK. We can make your dream a reality, call us today. Conventional, FHA and VA refinance loans available including FHA streamline refinance (FHA to FHA) and VA streamline refinance (IRRRL).

Debt Consolidation:
Ameristar Mortgage also has many clients who choose to pay off their high interest credit cards and other debts into one monthly payment. This can save you hundreds of dollars per month as well as the stress of having so many bills to come up with money for each month. The easiest way to deal with these debts is to refinance your current mortgage into a lower interest rate mortgage while paying off your unwanted debt. We can help you customize a plan that fits your needs.

If you wish to lower your current mortgage rate, payoff unwanted debt, save money and have cash in hand for immediate purchases, Cash Out or Debt Consolidation Refinancing may be the refinance loan program for you.

How does it work? Here's an example: You currently owe $100,000 on a home that is valued at $180,000. You are seeking to lower the interest rate. You also want $30,000 in cash. You refinance the mortgage for $130,000. This leaves you with a lower rate on the balance you owe on the house, and you pocket $30,000 cash to use as you wish.