Nobody wants to believe they’re “stuck” with their current financial predicament forever. Thankfully, you definitely don’t when there are so many effective ways to refinance your loans and mortgages with viable hard-money loans. This is our specialty, and we’d like to show why Floridians come to us to get them out of almost any type of credit jam.
What Does it Mean to Refinance Your Home?
Homeowners, whether embattled with debt, choose to refinance their home to secure better interest and payment rates. It’s common for an owner to possess a 30-year mortgage at a high fixed rate, but refinance to something with a shorter term, and with a lower fixed rate. There are several ways to do this such as rate-and-term refinancing, corporate refinancing, cash-in refinancing, and cash-out refinancing.
Our approach, which helps lots of frustrated homeowners, involves the cash-out method, where a client leverages the equity of their home as collateral for a loan. We call it “hard money lending” or securing a “hard money loan.”
Why Apply Home Equity Toward a Hard Money Loan?
This gives you the chance to borrow more, for shorter payment periods, on the strength of your most valuable assets. Plus, it’s possible to do so without jeopardizing them. Some cash-out clients pursue these because they offer a “balloon payment” arrangement where interest and principal are payable at the close of the term (rather than as-you-go).
Benefits of Hard Money Loans for Refinancing
- Use it to Pay Expensive Bills - Sudden and unexpected costs are a problem we encounter all the time. Many of our clients seek a less risky way to get cash for a rainy day without resorting to dubious personal loans or payday advances.
- Available with Almost Any Property Type - This includes single-family homes, apartment complexes, business properties, condos, industrial buildings, or anything else you own.
- Build Funds to Invest in Property Expansion - This is popular around Florida, where many homeowners choose to upgrade either or one or more properties, either for pleasure or economic purposes.
- An Alternative After Traditional Loan Rejection - Since it involves collateralizing a hard asset, something with intrinsic value, this approach makes it easier to obtain a loan even if you possess suboptimal credit.
Get in Touch with an AHL Hard Money Loans Representative Today!
This is only a quick introduction to the refinancing advantages of our cash-out or hard-money system. We’d love to share all the other pertinent details and terms during a free consultation.
If you’re a homeowner in Florida, and desperate for relief from crushing debt burdens, then consider the support services of AHL Hard Money Loans. We offer safe financial instruments as a way to refinance your home, leverage your equity, and eventually climb out of debt.
Want to learn more?
Call our office in Tampa anytime at 813-368-9919.
The post Explore Your Refinance Options Today! appeared first on Florida Hard Money Loans.