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New World Mortgage has a variety of programs available to provide loans for a home purchase or refinance, debt consolidation, and home improvement loans. Depending on your situation, we have NO POINT, NO FEE loans that we can tailor to fit your needs.
Purchase - Buying a home, your first or one of many during a lifetime, involves important decisions. Some include determining the loan amount you can qualify for and the down payment (if any). If you have a home to sell, there is the coordination of escrow closings. We can assist you in selecting a loan option that fits your specific situation. Purchasing a home results in:
- Pride of ownership
- Privacy and space for family members
- Freedom to improve your home as you see fit
- Improved status in business and personal dealings
- Equity appreciation that increases your net worth
- Tax-deductible interest (Check with your accountant)
Refinance - Refinancing your home can lower your monthly mortgage payment, provide extra cash and the freedom to use it however you want. Points paid for refinancing are,tax deductible. If interest rates continue to fall, you may want to refinance a second time. Refinance for any number of reasons:
- Lower monthly mortgage payments
- Savings from a reduced interest rate
- Consolidation of first and second mortgages
- Cashing out or just getting some extra cash to pay off debts, start a business, take a vacation, pay for college, buy a new car, or use for home improvements
- Conversion from an adjustable to a fixed rate mortgage to lock in future stability
- Conversion to a shorter term mortgage to build equity faster
Debt Consolidation - To reduce monthly payments, consolidate high-interest debt from credit cards, department stores, auto loans, student loans, and medical bills. This will enable you to experience significant savings, get your monthly cash flow under control, and become debt free faster. Debt consolidation advantages include:
- One bill to pay instead of many
- Lower monthly payment
- Reduced interest over the life of the loan
- Improved credit rating
- Tax-deductible interest (Check with your accountant)
- Avoidance of stress, credit collectors, bankruptcy, or damaged credit rating
Home Improvement - Protect your investment by making necessary repairs, or increase your home's value through remodeling and improvements. Remodel your bathrooms, replace your roof, landscape your yard, add a pool... whatever you've wanted to do for years. A home improvement loan can result in:
- Increased home's resale value
- Living in comfort and beauty
- Improved mental state from upgrades
- Tax-deductible interest (Check with your accountant)
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