Debt Consolidation Financing helps consumers save money with all types of credit refinance with mortgage loans for consolidating high rate bills. As a homeowner, you can tap into your built-up home equity to pay off other debts, such as credit card balances or personal loans, by refinancing your original mortgage. Taking out a home equity loan or refinancing your primary mortgage are both popular options for consolidating credit card debt and high-interest loans.
BD Nationwide will match you with mortgage brokers who specialize in helping consumers with all types of credit.
Consolidation Loans from 90 to 100% with Fixed Rate Refinancing
We offer superior refinance loans for credit card debt and we can combine debt financing with mortgage refinancing. Consolidate 1st and 2nd mortgages and refinance your debts and installment loans or take out a new mortgage loan with cash out to finance credit card consolidation and reduced monthly payments.
You can consolidate debt through a 2nd mortgage or cash-out refinancing, and it can be a great option for some people. Here’s the key idea: home loans generally have lower interest rates compared to the higher rates on credit cards. By using a cash-out refinance, you can access the equity in your home to pay off credit card debt. The amount you “cash out” is added to your refinanced mortgage.
This allows you to replace multiple high-interest credit card payments with a single, lower-interest home loan payment, effectively consolidating your credit card debt into your mortgage.
What types of home financing options are available for debt consolidation?
There are many secure financing options available for consolidating debt. First and second mortgage debt consolidation are the most common transactions for eliminating adjustable rate debt, but stand-alone home equity loans are also very common using fixed rate amortization to reduce interest and accelerate the pace at which your debt is paid off.
Are you having trouble breathing with the mounting pile of debt? Have you found financing solutions for debt consolidation so you can regain control of your cash flow? Find Nationwide lenders that offer Debt Consolidation Financing so homeowners can find the best path to follow. As a homeowner you have so many resources for consolidating debt that non-homeowners don’t have at their disposal.
Debt Consolidation Financing from a trusted mortgage banker could help you consolidate those debts and have only one low monthly payment. Get a free, no-obligation debt refinancing quote today and let us help you find the best loan options for maximizing your monthly savings! Some homeowners even take out a HELOC with bad credit to consolidate debt. Apply for Debt Consolidation Financing!
Highlights for Debt Consolidation Financing
• Fixed Rate Debt Consolidation
• Refinance Mortgages to 100%
• Refinancing Adjustable Rate Loans
• Mortgage Loan Consolidation
• Pay off Variable Rate Credit Cards
• Consolidate all of your debts into one low monthly payment.
Debt consolidation can influence your ability to buy a home in both positive and negative ways, depending on the timing. If you choose to consolidate debt just before or during the home-buying process, it can negatively impact your situation. This is because debt consolidation may cause a temporary drop in your credit score due to the hard credit inquiry involved when applying for a loan or line of credit.
Additionally, consolidation can increase your overall debt load in the short term, potentially lowering your credit score further due to loan origination fees or credit card balance transfer fees. A lower credit score could result in a higher mortgage APR, potentially costing you thousands of dollars over the life of the loan.
Learn more about Debt Loan Refinancing
Eliminate the high interest credit cards and consolidate those bills to minimize your monthly payments. You can combine credit cards, auto loans, student loans, etc. into one lower monthly payment and save thousands of dollars a year in just interest alone. Stop paying the late credit card charges and roll the debt together for one simple interest payment. Free Quote for Fixed Rate Second Mortgage.
Linda’s Helpful Hints for Financing debt consolidation Ask Linda?
Financing debt and loan consolidation can save you thousands of dollars a year. With that in mind, stop procrastinating and call your loan officer today. It is imperative that you educate yourself and take advantage of the valuable resources our government & other organizations have offered to consumers at no cost. homepath.com
Consumer Credit Bureaus: Learn more about your credit history & how it may affect your ability to finance
visit the credit bureaus Equifax.com Experian.com and Transunion.com