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Atlanta Custom Builders: Seven Reasons for Refinancing a Home

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					Atlanta Custom Builders: Seven Reasons for Refinancing a Home

What are some good reasons for refinancing a home? Southland Atlanta custom builders share
seven reasons why a mortgage refinance might make sense.

Marietta, GA, December 17, 2013 --(PR.com)-- Refinancing is a topic that many families consider every
time the interest rates fluctuate, but many choose not to pull the trigger. The reasons for not refinancing
are usually centered around, "the rates are going to get even lower the moment refinancing occurs."
However, what is unrealized is that the reasons for refinancing can greatly outweigh that single excuse
not to.

Southland Atlanta custom builders understand that the year's end might not be everyone's ideal time of
year to refinance their homes, but before making that final decision, determine whether or not there is a
good reason to refinance. If there is a good reason, then now is the perfect time to refinance. Here are
seven good reasons for refinancing this time of the year.

Lock in a Low Rate Before Rates Go Up
Many homeowners are always waiting for the interest rates to fall even further before finally choosing to
refinance. But, trends are showing that interest rates are on the rise. This means that if homeowners want
to lock in at a lower rate than what they're currently paying, then now is the time to refinance.

Get Out of an ARM Before It Adjusts
For homeowners with an adjustable rate mortgage (ARM) that is getting ready to adjust, now is the time
to refinance your mortgage to a fixed-rate loan so you can take advantage of the current low rates and the
stability offered by a fixed-interest loan.

Cash Out to Reduce Debt
If one currently owes less on a home than it is worth, then refinance based on its value and use the extra
cash to pay down or eliminate other forms of debt, like that from credit cards, student or car loans, or any
other debt balances.

Cash Out for Real Estate Investments
Another good reason to refinance a home that is worth more than what is owed is so the cash to make
new real estate investments can be used. This is not without its challenges, however if doing so,
assistance by a trusting financial advisor to help manage any unexpected tax or underwriting issues that
may arise is recommended.

Cash Out for Family Matters
One of the most common reasons for a refinance is so the homeowner can afford a higher-than-average
family expense. This can include paying for a child's college tuition, paying for a wedding, helping a
child avoid foreclosure on their own home, replacing a totaled or inoperable vehicle, covering an
expensive home improvement project, or any other costly family matter.


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Consolidation of Two Mortgages
If a homeowner has a mortgage and a home equity line of credit, then refinancing the mortgage can help
consolidate debt into one easy payment. Doing so now can also help avoid future unexpected interest rate
hikes in home equity line of credit.

Take Out a Mortgage on a Paid-Off House
While it is not technically a "refinance," taking out a mortgage on a house that is paid off is similar to
one. Reasons for doing this can include using the money to start a new business, using the funds to
purchase a second home in cash, or any other reasons where a substantial amount of money is going to be
required.

For more information about Southland Atlanta custom builders or to start designing a custom dream
home with Southland's team of professional home designers, contact Southland Custom Homes today by
calling 1-866-56-BUILD or visit the website at www.southlandcustomhomes.com.

About Southland Custom Homes

Southland Custom Homes is one of the top-rated on-your-lot builders in GA. Since 1980, Southland has
helped thousands of people build high quality new homes in metro Atlanta, Macon, and North and South
Georgia, while staying true to its mission of building quality, affordable custom homes on the land their
customers love. With model centers located in Marietta, Stone Mountain, Dawsonville, Metro Atlanta and
Macon, the Southland Custom Homes team is your best choice for a Georgia new home builder.

Southland designs high-quality custom built homes that will fit your lifestyle and budget. Their customers
may choose from over 120 beautiful custom home plans, each one customized to suit individual needs.
Additionally, customers who have their own house plan can get a free estimate to build from Southland
within 48 hours. Southland will also design and build a new home “from scratch” for those individuals
who want all of their ideas incorporated in their perfect dream home. Best of all, these custom design
services are free to all Southland customers!




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Contact Information:
Southland Custom Homes
Robb Smith
770-422-1777
Contact via Email
www.southlandcustomhomes.com


Online Version of Press Release:
You can read the online version of this press release at: http://www.pr.com/press-release/533358




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