By borrowing against the value of your home, you get the best possible interest rate, and then you use that money to repay your higher interest rate debts.
Not exact matches
At least half the mortgage defaults are not
by people who truly can't pay their mortgages, rather they are
by «strategic defaulters» who don't WANT to pay their mortgages because the
value of what they
borrowed against their
home, went down.
Homeowners age 62 or over can apply for a reverse mortgage, a loan that allows them access a portion
of their
home equity while staying in their
home and maintaining the title.4 The loan works
by allowing seniors to
borrow against the
value of their
home and defer mortgage payments until after the last remaining occupant has moved out or passed away.
Bridge Financing Program Bridge Financing is a temporary source
of funds that enables our clients to
borrow against the
value of their current
home to secure a second property, also financed
by RMG Mortgages.
If you own a
home, and you've built up equity in it
by paying off some
of your mortgage, you may consider taking out a
home equity loan for your business,
borrowing against the inherent cash
value of your house without the need for a third - party lender in the picture.
If you own a
home, and you've built up equity in it
by paying off some
of your mortgage, you may consider taking out a
home equity loan for your business,
borrowing against the inherent cash
value of your house without the need for a third - party lender in the picture.