Hi {first_name}, 

Your options available to you through Rate and Term Refinance. 
 
As I mentioned, it could be used to move from an Adjustable Rate Mortgage (ARM) to a Fixed Rate Mortgage (FR).
 
So, if you lay in bed at night tossing & turning worried that your interest rate (on your ill-advised ARM mortgage) will spike out of control and leave you dead-broke and possibly even on the street… then this might be just the move for you.

Moving on....
 
Let’s talk about the Cash Out Refinance

These were popular during the housing boom, and contributed to the bust. Weird how that works, huh?

With a cash out refi, you borrow more money than the outstanding mortgage balance and you receive the difference in cold hard cash. 
Imagine what you could do with if you had some extra cash on hand to invest…

You could use the money to pay off high-interest debt. 

Of you could build that swimming pool you've always wanted. Or finish the patio, porch and the landscaping. 

Or maybe a trip away for the family. Hawaii is nice this time of year :)
 

The amount of cash you can get out, is based on the amount of equity you have built up in your property.
 
In the next email, I’ll tell you a little story to illustrate how much cash you could get your hands on…
 

{email_signature}
 
P.S. The four Cs. Remember what they were?
 
Credit, Capacity, Capital and Collateral.
 
So here’s the easy way of looking at them.
 
Credit - Is Credit, pretty straight forward 
 
Capacity - Income and DTI (Debt to Income Ratio)
 
Capital - Assets and Down Payment (And equity)
 
Collateral - Your New (or old) Home
 
Make sense? I’ll explain each in more detail soon. 

To unsubscribe from all future emails {unsubscribe}
To update your contact information please {contact_info_update}

This email is sent to {email} by:
{{CompanyName}} {{Address}}