The holidays are a wonderful time, but for families, they can be stressful. From finding the perfect gifts to planning family traditions, the pressure (and cost!) to make the season special can quickly add up – especially in this economy. If you’re worried about juggling holiday expenses and everyday bills while trying to make holiday magic, a cash-out refinance might be a great option.
What is a cash-out refinance?
A cash-out refi allows you to tap into your home’s equity, replacing your current mortgage with a new, larger one. Then, you receive the difference between the mortgages in cash, which you can use to pay off or consolidate high-interest debt or handle holiday expenses.
How can a cash-out refi help you stress less?
Instead of feeling overwhelmed by holiday bills and financial pressure, refinancing with cash out lets you:
- Simplify your finances: Replace multiple high-interest payments with one manageable mortgage payment.
- Save each month: You may be able to lower your monthly mortgage payment so you can save for what matters most.
- Take control of debt: Pay off credit cards or loans with higher interest rates.
Why choose a cash-out refinance?
Mortgage rates are typically lower than credit card rates, meaning you may be able to save money over time. Plus, consolidating your debt into one payment can help you manage your finances better, giving you peace of mind to enjoy the holidays.
Let Lower help you!
Don’t let financial stress take the joy out of the season – fill out our quick form today to see how Lower can help you refinance, consolidate, and save. This holiday season, focus on creating memories, not worrying about debt. Start your journey to lower payments now!
