Debt Consolidation Loans
Start saving money instantly by consolidating all of your debts into one easy low payment loan. Your monthly savings can be cut more than in half!! Get back in control of your debt. Our debt consolidation loan programs require very little equity! Bill consolidation is now available with 1st mortgage refinancing.
Unfortunately one hundred and twenty five percent loans were put on hold because of the mounting foreclosures from equity loans. If your mortgages are greater than the value of your home, we recommend a loan modification that provides lower mortgage rates without refinancing. If you have too much credit card debt to consolidate with a refinance loan, consider debt settlement that typically cuts your debt in half and helps you avoid a bankruptcy.
Borrowers who need to get money in their hands are getting it with cash out refinance loans rather than through 2nd mortgages. FHA home loans provide cash refinancing to 95%. Homeowners can use this government loan to consolidate debts or pay off revolving credit cards. If you apply, this loan will combine all of your debts into one lump sum with you mortgage. Most borrowers choose the 30 year fixed rate mortgage.
Interest rates are higher than home equity loans and refinancing. You also may not be able to deduct the total loan amount with a 125% LTV. In most cases the only thing that you can deduct is the value of the home.
Contact your agent for more details.
High LTV refinancing is ideal for owner's that have little to no equity in their home. See FHA Refinancing and Home Equity for more options.
Mortgage Rates are still at Historic Low Levels.
Lock into a Lower rate Refinance Mortgage & Start Saving
Refinance Loan Options
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