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Debt Consolidation Mortgage

Are you tired of being overwhelmed by your bills? Feeling as if there is nothing you can do about it? Our debt consolidation loan programs can make your household debt a thing of the past! 

Household debt would be considered credit cards, personal loans, automobile payments, overdraft accounts and just about any other type of debt balance that is not secured by your home. Some people have very large student loan balances for instance, we can combine any number of nagging student loans into one low mortgage payment. Many people site tax advantages to including these types of household debts in your mortgage, to be safe, you should verify this is the case for you.

Just because mortgage interest is tax deductible for most, doesn't necessarily mean that it is for you. You should check with your tax professional to verify this before making the decision to put household debt into your mortgage.

We can also consolidate a first and second mortgages into one First Mortgage. We find many people may have a first mortgage at 5.5% and a second mortgage at 8.9% for instance, with rates atConsolidate a first and second mortgage historic lows, it will usually make a lot of sense to combine those two payments into one low fixed rate. 

  • Reduce High Interest Payments by as much as 70%
  • Stop Harassing Phone Calls
  • Become Debt Free
  • Re-establish Your Credit and Improve Your FICO Scores
  • Generate Additional Tax Savings (consult with you tax advisor first)

 

For the most part, the numbers are going to look really good in the short term, when you consolidate a credit card for instance into your mortgage. However, do you really want to spread that payment out over so many years? This is a question you will want to ask yourself before we get started. 

Very seldom do we see any real benefit to consolidating an auto loan into your mortgage, this is generally considered poor planning. 

Call one of our friendly mortgage professionals, they will certainly assist you in making the right decision, if it doesn't make financial sense, then we won't ever advise you do it.

You can learn all about How and When to Refinance here.

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