Debt Consolidation COMBO loans
Oceanside Mortgage specializes in FHA "Debt Consolidation" loans. With
our COMBO loan, you can combine your 1st and 2nd mortgage, credit cards, car
loans, any other debt, and even receive cash out. Oceanside Mortgage even
offers a $395 flat fee COMBO loan1. You pay $395 upfront, which
covers the cost of the credit check and the appraisal, and we pay the closing
costs!
FHA Debt Consolidation COMBO Loan
With the COMBO loan, you can do any of the following:
- Pay off all mortgages
- Pay off credit cards
- Pay off car loans
- Take cash out to use as you decide
- Borrow up to 95% of your home value
FHA Rate & Term Refinance
With a Rate & Term Refinance, you can get out of that high interest rate
second mortgage!
- Pay off 1st mortgage
- Pay off any "Junior" liens that are at least 1 year old
- Receive up to $500 cash out at closing
- Borrow up to 97.75% of your home value
$395 Flat Fee Cash Out1
The $395 Flat Fee allows you to get the most money available to you, without
wasting your home's equity on closing costs. Oceanside mortgage will
actually pay your closing costs for you! If you decide on the $395 Flat
Fee, you get a slightly higher interest rate now, and then have the option to
take advantage of a No Cost Streamline
Refinance later to lower your interest rate. This is one of our most
popular options. Ask your loan officer for more details.
1: Oceanside mortgage will pay all Title Costs, Recording Fees, Tax
Stamps, Intangible Tax, and Closing Agent fees. Borrower must pay all
State and County Taxes, Subordination Fees, Homeowners Insurance, Condo Dues,
Open Water and Sewer Bills, and any required Upfront Mortgage Insurance Premium
(UFMIP) due to HUD.
