Dan gave some advice about why a cash out refinance can be very helpful to customers. If you have a lot of credit card debt with a high interest rate, it might be more sense to take money out of your home at a lower interest rate and pay off the credit card. Part of Dan’s job is to counsel customers on how to rebuild their credit rating and not repeat problems that got them into debt.
Another use for the money could be to buy other property as an investment. Home ownership is looking better now that the mortgage industry is more regulated.
He gave out some flyers with some information of different plans that PERL offers to lock in rates or finance mortgages.
Give Dan a call if you are looking to buy or refinance a home.