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Refinance With A Combo Loan From Countrywide Home Loans

If you’re looking to potentially lower your interest rate and consolidate your debt to save money on overall monthly interest charges, explore refinancing with a Combo Loan from Countrywide. A Combo Loan is a cash-out refinancing alternative that qualified borrowers can use to consolidate higher interest rate debt into one low monthly payment.*

Refinance with a Combo Loan and Reduce Your Bills

Debt consolidation is one of the most popular reasons homeowners refinance their home loans. By refinancing, you’re able to access cash from the available equity in your home to lower your high-interest bill payments.

Why Should you consider Refinancing with a Combo Loan?

  • You’re paying double digit credit card interest rates

  • You want to refinance your home loan to get a lower interest rate than you have on your current higher interest mortgage

  • You want one convenient payment – instead of separate bills for each credit card, car loan or second mortgage

Key Advantages of Refinancing with a Combo Loan

  • If your mortgage’s interest rates have gone up since you obtained your home loan, you may be able to refinance to a lower rate

  • If you started with an adjustable rate mortgage and want a fixed rate mortgage, refinancing with a Combo Loan results in new mortgage terms and can help you with consolidating debt

  • Interest paid on a home loans is often tax deductible**, but not interest paid on your credit cards debt

Estimate Potential Savings From Refinancing with a Combo Loan

Debt consolidation with a Combo Loan might result in substantially less overall interest charges every month. Use our debt consolidation calculator and calculate your potential savings if you refinance with a Combo Loan.

Ready to Refinance With a Combo Loan?

If you’d like to refinance with a Combo Loan or have questions about a Combo Loan, our loan advisors can help. Call us at 1-800-909-8217 for a FREE, no obligation consultation.

* Refinancing may increase the total number of monthly payments and the total amount paid when compared to your current situation. Loan consolidation may result in an LTV for which mortgage insurance would be required. Mortgage insurance costs vary by the loan program selected and other factors - ask us about the various mortgage insurance options available.

** consult your tax advisor for details

 
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