Debt Consolidation Mortgage Loans
If you can answer "YES" to the following, you may qualify for a debt consolidation mortgage loan:
- In the past six months, I have at least one or more credit accounts paid as agreed.
- I have no judgments pending
- I am a US Resident and at least 18 yrs old
- I am employed or self employed
One of the most used methods of lowering your monthly payments because of having too much debt is to consolidate that debt into your 1st mortgage. The savings can be tremendous because your new loan has a lower interest rate than those high interest rate credit cards and it's amortized up to 30 years depending on your credit score.
You can Calculate your Debt Consolidation Savings right here.
Consolidate your student loans to as low as 2.75%
Even if you have bad credit, hard to verify income, there could be a way to consolidate high interest debts such as credit cards, auto loans, student loans, etc. After consolidating your debt, you can invest a portion or all of the monthly savings into your retirement, college tuition, or payoff your mortgage sooner, etc. Now you have more options to make your money work for you. Some lender will even let you consolidate debts into a stated income loan (also referred to as a " No Income Verification loan") or a No Doc Loan. Why carry large credit card balances with high interest above 15% when it can be lower than 5%?
For a Free evaluation of your mortgage loan options and offers:
