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Loan Programs
Refinance or Take Cash Out
In some cases, NewDay Financial can lend up to 100% of
your home's value (less outstanding mortgage balance)! While
most banks limit you to 80% or 90%, NewDay could provide you with
considerable added cash that you could use for debt consolidation, home
improvements, or simply for personal use. And unlike personal loans, some
or all of the interest you pay on a "cash out" refinance may be tax deductible.2
You might benefit from refinancing for many reasons:
Consolidate debt.
Refinancing to consolidate your personal debt into one easier to manage
monthly payment1 may be a smart choice
for you:
- A refinanced mortgage often has lower interest than your credit card balances, auto loans, and second mortgages
- Monthly payments are generally less because your monthly interest charges may be reduced
- A refinanced mortgage, unlike personal debt, may be 100% tax-deductible2
Stabilize your monthly payments.
Converting from an adjustable to a fixed rate mortgage may keep your monthly
payments from changing over time. A fixed rate loan allows you to lock
in a rate so you can plan your monthly budget without surprise increases.
Even better, you won't be financially strapped if interest rates take
a sudden upswing.
A NewDay loan is a smart way to re-invest in your home. You can increase your home's resale value for later, while making it the home you've always dreamed of right now. If you've been planning and waiting to make that long-overdue bathroom update, renovate the kitchen or add a home office, NewDay Financial can help make your dreams a reality-
Get cash for major purchases and unexpected expenses.
Your home equity can also help you pay for those big expenses that come up without adding more high-interest credit car debt. With a NewDay home equity loan, you can finally afford the things you want or need, like: tuition bills, a child's wedding-even the dream vacation your family has always wanted. PLUS, you'll have cash on hand when life throws you a costly curve ball, like when the furnace needs replacing or the car transmission grinds to a halt.
A NewDay Account Executive will work with you to find the program that's best for you. What's more, our quick turnaround gives you the opportunity to improve your monthly cash flow with the money you need in as little as 10-days of initial pre-approval.
Why wait? Get started now. Call us toll-FREE at 1-888-443-4335 or click here to apply online.
| 1 |  Refinancing pre-existing debt with a home equity loan or line may increase the total number of monthly debt payments, as well as the aggregate amount paid by a borrower over the term of the mortgage loan. |
| 2 | Consult your tax advisor concerning interest deductibility. |
All loans subject to credit approval, acceptable collateral, and available equity. All loan products are not available in all states. |
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Refinancing/Cash Out | Debt Consolidation | Home Improvement