A Better Way to Pay for Home Improvements

Cash Out Refinancing is a great alternative to accumulating credit card or other types of consumer debt! And you may be able to score a lower overall rate with a refi.

Instead of using a personal loan or credit cards to pay for home improvements like a new kitchen remodel, additions, a pool, or outdoor living space, refinancing options with GMFS Mortgage may be a better way to save.

When improvement costs begin to add up, having a fixed rate mortgage may be a more beneficial alternative, even if current rates are higher than your existing home loan.

Benefits include:

• lower overall interest rate
• fixed vs. adjustable rate
• potential tax deductibility (always check with your tax consultant)

If you would like to learn more about cash out refinancing as a way to pay for home improvements or other expenses, reach out to your local GMFS Mortgage Loan Officer today!