Harnessing Equity Can Reduce Inflation Worries

As many have seen in the news, inflation is expected to affect our daily lives in 2022. A crippled supply chain along with increasing consumer demand and COVID case increases due to omicron are signaling that we could see costs rise throughout this year. Some are even saying that infl ation aims to be the biggest economic challenge and mid-term political debate this year. While this is happening, you may be juggling debt or trying to plan out your future retirement passive income, savings, and investments.

The questions that everyone must ask themselves are:

• How will inflation affect my daily living?

• How can I save money in my daily budget?

• How can I spend less on interest and debt?

• How can we battle our spending against increases in the economy?

Some may also be asking:

• As my family is growing, how can I use my assets at hand and get control of my budget?

• How can I start planning now for passive income at my retirement age?

Refinancing Can Be Your Liberator.

If you have owned a home for several years to date, you may have untapped equity to help you trudge through this period of economic woe or begin your retirement planning. Leveraging your assets to fight inflation, decrease interest charges, eliminate debt, and subsequently slimming your budget can be the life-changing solution. However, it is not always about debt. Maybe, it is time to seriously look at your retirement plan and develop passive income through the purchase of investment properties, which your equity can be seed money on the down payment.

How many of your credit cards, personal loans, auto loans or lines of credit hold an outstanding balance with an interest rate above 5%? Do you have student loan debt for yourself or your children that just won’t go away? Do you need that seed money for an investment property down payment, so you have assets at retirement? Two loan products are available here at CrossCountry Mortgage-Hawaii to help you with this:

The All-In-One Loan. What if I told you that you could pay down your mortgage nearly twice as fast than you are currently doing now while borrowing from it? What if I told you that you never have to refinance again, and you can harness your equity for 30 years? Sounds too good to be true but it exists in the All-In-One Loan. This portfolio style loan is called an “Offset Mortgage” loan that uses daily interest calculations rather than forecasted structured interest charges. Meaning, as you park your paycheck in the bank, every cent is working towards charging you less interest per day while you use your equity to eliminate debt or handle large expenditures! There is an amazing video that breaks it all down. Simply scan this QR Code, or search “Rick Yniguez Resents, The All In One Loan” on YouTube.

The Cash-Out Refinance: Do you have at least 30% equity or more in your property? Harnessing the equity with a cash out refi nance can eliminate many higher interest rate debts while resetting the clock on your 30-year mortgage to nearly match what you’re paying now. You can then pay down debt at your speed and pace while saving interest cost. This scenario is purely used to slim your budget down, eliminate high interest costs to creditors, and initiate a plan to chop down debt through your new mortgage payment; all while keeping your budget slimmer than it was previously. Take control of your debt picture with the “Budget Reset Button” that a Cash Out Refinance provides.

How do you know if this is right for you? Simply call, text, or email!

Rick Yniguez
Mortgage Loan Originator
NMLS1823240
M 808.462.7318
E rick.yniguez@myccmortgage.com

CrossCountry Mortgage | 3555 Harding Avenue, #100 Honolulu, HI 96816 | NMLS3029 NMLS1379257 Equal Housing Opportunity. All loans are subject to underwriting approval. Certain restrictions apply. Call for details. CrossCountry Mortgage, LLC. NMLS3029 (www.nmlsconsumeraccess.org)

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