6719 Winkler Rd, Suite 218

Fort Myers, FL 33919

239-977-3777

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You may be able to pay off higher-interest debts by refinancing to a competitive rate. Even with less-than-perfect credit, we may be able to lower your monthly payments and provide you with a plan!

Advantages of cash-out refinancing

  • 30-, 20- & Refinance mortgage rates tend to be lower than the interest rates on other types of debt, so it’s a very cost-effective way to borrow money. If you use the cash to pay off other debts such as credit cards or a home equity loan, you’ll be lowering the interest rate you pay on that debt.
  • Mortgage debt can also be repaid over a considerably longer period than other types of debt, up to 30 years, so it can make your payments more manageable if you have a large amount of debt that must be repaid in 5-10 years.

More advantages of cash-out refinancing

    • If market rates have dropped since you took out your mortgage, a cash-out refinance can let you borrow money and reduce your mortgage rate at the same time.
    • Mortgage interest is generally tax-deductible, so by rolling other debt into your mortgage you can deduct the interest paid on it up to certain limits, assuming
**Family 1st Home Loans is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.