Tuesday, September 23, 2014

Debt Consolidation Refinance

A Debt Consolidation Refinance is when you get a single loan to pay off all of your smaller high interest loans leaving you with just one monthly mortgage payment at a lower interest rate. Complete the Quick Quote to confirm eligibility and start saving $$$

Debt Consolidation Refinance Benefits Include: 
  • Increase cash flow by consolidating consumer debt
  • Lower the interest rate on money borrowed
  • Fix the rate of all outstanding debt
  • Single Payment: Consolidate several payments into one 
  • Stress reduction when not managing multiple payments
  • Tax deductible interest on the home mortgage
  • Credit will improve when paying off maxed out credit cards
  • Investing with additional monthly savings
  • Removing high interest debt

Eligible Loan Products for a Debt Consolidation Refinance

Factors in Determining Debt Consolidation Refinances Loans
  • Credit  Score:  The better the score the better the refinance loan options
  • Loan to Value Ratio: This will determine how much debt you can consolidate
  • Loan Size: Will determine if it is a conforming, super conforming or jumbo loan.
  • Term of the Loan: When do you want to pay off the loan
  • Goal of the Loan: How much debt are you looking to consolidate
  • Eligibility: Credit, Income and the Loan to Value ratio will determine how much debt you can consolidate when refinancing your home. 

Click the Quick Quote to confirm Eligibility for a Debt Consolidation Refinance