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Is Your Financial House in Order?
 

New Year’s is the classic season for resolutions. Losing weight, quitting smoking, getting organized, there is something about this time of year that invites fresh starts and new beginnings. In light of the recent upheavals in the financial world, we’d like to suggest an addition to the list: getting your financial house in order.

If you haven’t done it already, take time this season to assess your current financial situation, and where necessary, get serious about cleaning house.

Refinancing Your Mortgage
If the rate you are paying on your existing mortgage is higher than current interest rates, it may be time to look into refinancing to see if you could lower your monthly payment or potentially reduce the finance charges paid over the life of the loan with a shorter loan term.1

If you've built up considerable equity in your home, you may be able to refinance your existing mortgage to a larger loan amount. This would allow you to cash out your equity for debt consolidation, home improvement, or for personal use.2

If you plan to stay in your home for a number of years, refinancing may be a smart move. Speak with one of Wachovia’s mortgage specialists today, by calling 800-922-6267, Monday through Thursday, 8:00 a.m. to 10:00 p.m, Friday from 8:00 a.m. to 6:00 p.m., and Saturday from 9:00 a.m. to 6:00 p.m.
About Wachovia | Privacy & Security | Legal | Merger

This newsletter does not constitute legal, accounting, tax or other professional advice. We recommend you contact your own legal, accounting, tax or professional advisor as neither Wachovia nor the publisher assumes responsibility for your relying on the information provided.

All loans are subject to credit approval, verification and collateral evaluation and are originated by Wachovia Mortgage, FSB, Wachovia Bank, N.A., Wachovia Bank of Delaware, N.A. or Wachovia Financial Services, Inc. Products are not available in all states and are subject to change without notice. Certain restrictions apply.

1. Refinancing pre-existing debt with a new loan will require you to give Wachovia a security interest in your home and may increase the total number of payments, as well as the aggregate amount paid by a borrower over the loan term.

2. Consolidation may decrease your monthly payments, but refinancing existing debt with a new mortgage or home equity loan requires you to Wachovia a lien against your home and may increase the total number of payments and the total amount you have to pay over the loan term. Debt consolidation restrictions may apply for loans secured by property located in Texas.

Equal Housing Lender

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