Auto Loan Refinancing Made Easy
If you are looking for the best auto loan refinancing options, look no further. We at Life House Financial can help you find the car refinancing best fit for your individual situation. As a leader in personal loan financing, we can provide you with access to banks, credit unions and other private loan providers offering better rates and terms. Our auto financing lenders offer programs that fit all credit situations, and all loan request sizes.
When refinancing your automobile, you'll have two options to consider. You can simply refinance your car to a lower rate with the same or extended term, or you can obtain a cash-out refinance. The amount of money you can take-out depends on the amount of equity you currently have in your vehicle. The max loan term and loan approval amount heavily depend on the age and value of the car you wish to refinance.
When searching for auto loan refinancing, there is no reason to spend your valuable time shopping around from lender to lender in the hope you find the best loan. Especially when our company will provide all the assistance and information you need for free. We know what it takes to get your loan request approved in the safest and fastest manner possible. If you are in search of an auto loan lender that can help you refinance your existing car note into something with a much lower payment and interest rate, submit your information today. Our experts are standing by excited to help you with all your auto financing needs.
Auto Refinance Loan Versus Cash-Out Refinance Option
A Traditional Auto Loan Refinance
Refinancing your auto loan is the easiest way to lower your monthly payment. Depending on your situation, the money you can save may be as much as a few thousands dollars per year. In a traditional auto loan refinance, a lender will payoff your older higher interest-rate loan, with a new low interest-rate auto loan featuring an extended term. It is this lower rate of interest and longer payback term that can offer you a significantly lower monthly payment.
Cash-Out Auto Loan Refinance
Cash-out refinancing is similar to traditional refinancing, as it will lower your interest-rate and monthly payment. However if your car has built-up equity, this loan type will allow you to tap that equity for cash. The amount of money you can take out will depend on the value and age of your automobile. This lump sum cash payment can be used for any purpose such as debt consolidation and paying smaller bills.
Applying for car loan refinancing
Applying for auto loan refinancing is an easy process. In most cases you should be able to receive a decision within twenty-four hours after applying. Below are a few things you will need to have before applying to an auto loan lender.
1. Your current lien holder's name and the outstanding auto loan balance.
2. The make, model, style and current millage of your vehicle.
3. The phone number of your employer for income verification purposes.
4. Proof of insurance on the car.
The application process only takes a few minutes to complete. After applying, the lender will want to pull a recent copy of your credit report and may require you to show a few paycheck stubs to verify your income. Depending on the loan type you are requesting, the lender may need to inspect the vehicle. The lender will also use the current value of your vehicle to determine how much they can approve.
Auto Loans Through Life House Financial
If you are interested in seeing what you qualify for, give us a call. In just a few minutes we can help you understand your options. No matter what your situation, good credit, bad credit, or no credit, Life House Financial can help you compare your auto loan options side by side to ensure you get the best rates and terms possible. Our services are free and come with no obligation to proceed if you are not completely satisfied with the end results. To get started, tell us about your auto loan refinancing needs using the big orange button below. Our experts are standing by ready to get you connected with your best auto refinancing loan options today.