DEBT CONSOLIDATION REFINANCING

Mt. Olive Financial can show you how to utilize the equity in your home to improve your cash flow, increase after tax income and provide funds for investment and retirement by restructuring your debt with either a no closing cost home equity line of credit or by refinancing your current mortgage. A major advantage is that credit card interest is not only more costly, but when restructured debt is included in your mortgage, all the interest becomes tax deductible, resulting in major tax savings.

A no closing cost line of credit can be in the form of an adjustable rate loan with interest only payments required for the first 10 years or a fixed rate 2nd mortgage

with fully amortized principal and interest payment.

HOME IMPROVEMENT

A Home Equity Line of Credit (HELOC) will not only provide funds at lower than prime rates, it will increase your credit score when opening a line that exceeds your actual needs as well as provide flexibility to utilize funds as you need it rather than requiring you to withdraw funds all at once.

A home improvement refinance allows you to withdraw only the funds you need and pay the balance over a 15 to 40 year period, resulting in minimal monthly payments and allowing for better monthly cash flow.

RATE & TERM REFINANCING

If your current rate is adjusting to a higher rate or you would like to lower your current fixed rate, Mt. Olive Financial can perform a free debt analysis to determine if and how a refinance best suits your needs.

FHA STREAMLINE REFINANCING

If your current mortgage is an FHA mortgage you may be eligible for an FHA Streamline refinance requiring minimal documentation and lower closing costs.