Debt Consolidation
Debt Consolidation Explained
Debt consolidation can be a lot less scary if your home has equity. You can leverage your homes equity to get a loan, to pay off higher interest loans (ex. if you have several credit cards charging you 29% interest, you can wrap all of that into one monthly payment and cut your interest rates in half), or for any other purpose that you require.
This is referred to in several different ways: home equity loan, home equity line of credit, refinancing your mortgage and a second mortgage. All of these terms mean about the same thing; use your home equity to get the financing you need.
Advantages of Debt Consolidation
Rates
Interest rates are typically lower than most other types of loans.
Flexibility
Payment plans are usually flexible and can be customized to fit your needs.
Simplicity
You won’t need to keep track of all your different credit card payments anymore as your debt will be consolidated into one lower payment, making it easier to manage.
Connect with me now, and I’ll help you come up with a strategic game plan, that’ll both repair your credit – and allow you to sleep a little better at night.