About Debt Consolidation

Did you know you can consolidate high interest rate debt with a mortgage refinance. By paying off your current debt you can potentially save a substantial amount each month! Bad credit is not a problem, consult your mortgage professional.

With a debt consolidation home loan, you may be able to save hundreds of dollars every month and give yourself some breathing room. You can pay off high interest rate credit card and possibly even gain tax advantages (consult your accountant).

In the scenario below, the borrower paid off all of their credit card debt, a car loan, first and second mortgage with a debt consolidation refinance loan. After paying off all of their debt they also received $20,200 in cash to be used for any reason. This borrower is now saving over $1,100 per month!





Take note, once you have paid off your debt through a consolidation loan, put aside your credit cards for a while and avoid putting yourself in debt once more. There are many different types of loans for you to select from. Ask your consultant which option would be best for you.

If you are looking at consumer credit counseling please see the section on bankruptcy.