That 3% mortgage might not be as valuable as you think.
If you're carrying tens of thousands of dollars in credit cards, car loans or personal loans at much higher rates, you need to look at the cost of ALL your debt.
That doesn't automatically mean refinancing your first mortgage.
A HELOC, fixed second mortgage, cash-out refinance or even a second-position reverse mortgage for some homeowners 55+ could be worth evaluating.
Own a home in California and getting crushed by debt?
DM me DEBT and let's run the numbers.
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate