Debt Consolidation Mortgage Loans:
If you
can answer "YES" to the following, you may qualify
for a debt consolidation mortgage loan:
-
In
the past six months, I have at least one or more
credit accounts paid as agreed.
-
I
have no judgments pending
-
I am
a US Resident and at least 18 yrs old
-
I am
employed or self employed
One of
the most used methods of lowering your monthly
payments because of having too much debt is to
consolidate that debt into your 1st mortgage. The
savings can be tremendous because your new loan
has a lower interest rate than those high interest
rate credit cards and it's amortized up to 30
years depending on your credit score.
Even if you have
bad credit, hard to verify income, there could be
a way to consolidate high interest debts such as
credit cards, auto loans, student loans, etc.
After consolidating your debt, you can invest a
portion or all of the monthly savings into your
retirement, college tuition, or payoff your
mortgage sooner, etc. |
