Consolidating first second mortgages 1960s dating ads
Changing Your Term or Payment At BBVA Compass, we understand that life changes and so do your mortgage needs.
Refinancing could help you decrease your monthly payment amount by extending the amount of time it will take overall for you to pay off your loan.
While a HELOC allows you to withdraw money as needed typically paying only interest on the outstanding line amount, you may want a more traditional loan with more predictable monthly payments.
One way to get a fixed rate is to refinance your HELOC into a home equity loan.
Ask us how we can refinance your Balloon Loan into more manageable monthly payments.
A Balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.
If you have a home equity line of credit (HELOC), and you believe the variable interest rates are too high, you can take advantage of the BBVA Compass HELOC "fixed rate option".
It allows you to fix the rate and payment on a portion or all your outstanding balance.
It may also permit you to increase your payments and shorten the length of the repayment.Converting Revolving HELOC to Fixed Rate Loan Get the cash you need with the right home equity loan.