Want to refinance your existing home loan? H&R Block Mortgage can help you.
And you thought H&R Block was just taxes. H&R Block Mortgage can help you with your mortgage needs and provide you with everything you need to refinance your existing home loan. So if you’re in need of some cash to pay for big expenses,or to consolidate high-interest debt, you may not need to look any further than your own home. By borrowing against your home’s equity, you may be able to achieve many of your financial goals.
"What actual equity do I have in my home," you may ask?
Equity is the difference between the fair market value of your home (what you could sellit for) and how much you owe on your existing mortgage(s) and the closing costs of a sale. Have your home appraised to determine the fair market price. Then,subtract your existing loan amount from that fair market value and also subtract the closing costs of a sale. This difference is the amount of equity you have at your disposal. Depending on the amount, you may choose to borrow against it. However, if your equity is less than 20 percent of the home’s value, you may decide not to proceed since ordinarily you would not beeligible for conventional financing and would need to pay mortgage insurance premiums on the other available financing.
What exactly are your goals? Are you trying to achieve a lower interest rate or payback your loan quicker? Do you need to pay off debts, finance home improvements, pay for college, increase retirement income or buy a car?
Refinancing your existing home loan can be a smart financial decision. Do your homework and shop around for the best interest rates and associated fees. At H&R Block Mortgage we’d be honored to handle your transaction. If you have questions,contact your mortgage lender or a qualified Loan Specialist at H&R Block Mortgage at 1-888-463-9171.
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Not all programs are available in allareas. Program restrictions apply. H&R Block Mortgage Corporation islicensed or exempt from licensing to conduct business in all states. H&RBlock Mortgage Corporation, 3 Ada, Irvine, CA 92618 is an Arizona MortgageBanker #BK0902757, licensed by the Department of Corporations under theCalifornia Residential Mortgage Lending Act, a Georgia Residential MortgageLicensee, an Illinois Residential Mortgage Licensee at 6133 N. River Road,Suite 400, Rosemont, IL, 60018, is a Kansas Licensed Mortgage Company, licensee#1998-0597, a MassachusettsMortgage Lender #ML0039, licensed by the New Hampshire banking department,licensed by New Jersey Department of Banking and Insurance, is a LicensedMortgage Banker – NYS Banking Department, is licensed by the PennsylvaniaDepartment of Banking, is a Rhode Island Lender Licensee. H&R BlockMortgage Corporation Underwriting