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Debt Management
Nationwide specializes in debt management for homeowners with reduced rate loan solutions. Our programs offer everything from a variable rate line of credit to a fixed rate home equity mortgage for paying off credit card debt and loans that have higher interest rates.
We offer debt consolidation solutions realized with second mortgages, home equity loan refinancing with fixed interest rates for homeowners all types of credit scores. Our goal is to get you the best loan, so you will have more money rather than paying the credit card companies high interest each month. Our consolidation loans were designed so people with all types of credit, can eliminate high interest debts, and get extra cash for making home improvements or financing education.
How do I figure out how much I can borrow? |
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To Calculate how much you can borrower follow this simple formula for figuring out combined loan to value (cltv).
Existing Mortgage Balance _____ + proposed 2nd mortgage _____ (divided the sum by property value) = Combined Loan to Value
For Example: $200,000 mortgage + $50,000 2nd mortgage = $250,000 (Divide by $200,000 ) = 125% cltv
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- Ask your loan officer about the latest loan consolidation options available to you.
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