Stamp down on mortgage debt. » Mortgage Masters Group

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The Guarantee is non-transferable and does not apply to loans obtained to purchase a new property, new loans that result in the creation of a separate lien on the current property (i.e., a "home equity loan"), renovation loans, bond loan programs, down payment assistance programs or personal loans (i.e., loans that are not secured by the.

Ron The Mortgage Master #1738697 june 11 at 3:46 PM Choose a cash-out to refinance and you can easily consolidate high-interest debt into one new primary mortgage using the equity from your home.

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Paying Down the Mortgage Debt: Cons. If you choose to pay down existing mortgage debt, there could be tax consequences, such as a reduction or loss of the mortgage interest deduction when filing.

The refund amount could also be used to pay down current debt which will increase your chances of qualifying for a home loan much faster. Mortgage Masters are expert mortgage brokers in Newcastle, Maitland and Hunter Valley. Get the best mortgage advice on how to start working towards your property dreams, please contact us today!

Chip and chris poli started Poli Mortgage Group in 2001 after having been in the business working for Mortgage Master for 10 years. Poli Mortgage Group offers full service financing programs including Home Purchases, Refinancing of 1st or 2nd mortgages, Home Equity Loans/Lines, debt consolidation loans, Home Improvement Loans, Construction.