Combine Your Debt into One Simple Payment with a Combo Loan from Countrywide
A Combo Loan from Countrywide is a cash-out refinancing alternative that qualified borrowers can use to consolidate higher interest rate debt into one low monthly payment.* If you’re looking into the debt consolidation options available to reduce your overall monthly payments and potentially lower your overall effective interest rate, take a look at what a Combo Loan from Countrywide can offer.
Before you decide to refinance with a Combo Loan, review your financial picture and make a list of what you want to accomplish.
Do you want to:
- Consolidate debt?
- Get cash out?
- Lock in lower rates?
- Change mortgage terms?
7 Reasons to Consider a Combo Loan Refinance
- You want to consolidate your first mortgage and second mortgage
- You want to combine unsecured loans (car loans, personal loans, high interest rate credit cards) and potentially convert non-tax deductible interest payments into tax deductible interest payments.**
- You’re paying double digit credit card interest rates
- You want to get cash from available home equity
- You want change your mortgage terms from adjustable to fixed rate, or vice versa
- You want a lower interest rate than you have on your current, higher-interest mortgage
- You want to make only one convenient monthly payment for all your combined loans.
Want Personalized Advice About A Combo Loan from Countrywide?
Call us today at 1-888-284-7596. Countrywide’s home loan experts are ready to answer your questions. Your call is FREE and there’s no obligation. Call us now.
* Refinancing may increase the total number of monthly payments and the total amount paid when compared to your current situation. The relative benefits of a consolidation loan may vary over time and will depend on individual circumstances. The longer the property and loan at a new lower rate and term is kept, the more interest savings can be realized when compared to your current situation. The repayment period of a mortgage loan can generally be shortened when additional funds above scheduled monthly mortgage payments are consistently paid and applied to reduce the loan balance. 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.
