Countrywide Home Loans, a division of Countrywide Bank, FSB, is pleased to offer the Combo Loan, a home loan refinancing alternative that could help you combine your debt into one simple monthly payment. You could use a Combo Loan to consolidate higher interest rate debt into one low monthly payment and possibly also get cash from home equity. Many homeowners have realized that by consolidating higher interest rate debt through a home loan refinance, they can reduce their overall monthly debt payments and keep more cash in their pocket by paying less in interest charges.

With a Combo Loan from Countrywide, you may be able to:

• Combine your first mortgage and second mortgage
• Consolidate your high interest rate credit card debt
• Get cash from available home equity
• Simplify your outstanding bills into only one payment each month
• Possibly save on taxes

A mortgage refinance may be a right choice if:

• The interest rate on the current loan is higher than what is available now
• The interest rate on the current loan is adjustable and a fixed rate loan is preferred
• A lower monthly payment is wanted to free cash for other things
• A larger monthly payment is affordable and building equity faster is a priority
• Consolidating higher-interest consumer debt is a goal