Perennial Funding > Blog > Mortgages > Refinance Now to Minimize Your Bills After the Holiday

Refinance Now to Minimize Your Bills After the Holiday

Holidays provide the perfect time to splurge a little more than usual. However, each time that you swipe your credit card to purchase a new gift, you are increasing your balance and your future payments. As a top-rated mortgage lender, Perennial Funding might be able to help you refinance, so that you can enjoy the holidays without worrying about excessive credit payments.

Create a Strategy for Refinancing Your Holiday Debts

If you have an above-average mortgage interest rate, now could be a wise time to refinance. With a new home mortgage loan, you might be able to consolidate a variety of credit cards, personal loans and other consumer debts. Refinancing provides an excellent way to avoid higher credit card payments after the holidays. Speaking with one of our licensed loan officers could enable you to develop a strategy for refinancing your holiday debts.

Skip a Mortgage Payment After the Holiday

Similar to when you purchased your home, the payment for a refinanced mortgage loan will not be due for at least 30 days. Depending on your closing date, your first payment on a new mortgage loan might not become due for nearly two months. While this feature to skip a mortgage payment after the holiday does not save you money, it does delay the time that you would be required to make your first payment toward your new home loan.

Use the Equity in Your Home to Refinance

A cash-out refinance transaction is needed to pay off consumer debts or to borrow money against the equity in your home. We offer a variety of loan programs to help qualified borrowers access a portion of their home equity. A licensed appraiser would need to validate the value of your home to help us determine the maximum amount that you could borrow.

Apply to Refinance a Home Mortgage Loan

Completing a mortgage application online is an ideal way to start the process toward refinancing your existing home loan. If you are approved for funding, your loan officer will share the approximate amount that you could borrow from the equity in your home. The actual amount that you will be eligible to borrow will be based on the appraised value of your home and the applicable underwriting guidelines.


The holidays may be more joyous without the thought of increased credit card payments in the months ahead. Contact Perennial Funding today at (888) 826-4856 to inquire about ways that you can refinance to avoid an excessive amount of holiday debts.

Start the process today!

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Perennial Funding LLC, 161 Washington St. Suite 950, Conshohocken, PA 19428

Loan programs are subject to credit approval. Other terms, conditions, restrictions and fees may apply. All of the information on this website is published in good faith and for general information purposes only. Perennial Funding does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information on our website is strictly at your own risk and we will not be liable for any losses and damages in connection with the use of our website. The content in this website should not be construed as a mortgage loan commitment. From our website, you can visit other websites by following hyperlinks to these sites. While we strive to provide only links to useful and ethical websites, we have no control over the content and nature of these sites and the links to other websites do not imply a recommendation for all of the content found on these sites. Please be aware that when you leave our website, other sites may have different privacy policies and terms, which are beyond our control. Thank you for visiting Perennial Funding's website.
*By refinancing your existing mortgage your total finance charges may be higher over the life of the loan.

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