Debt Consolidation Mortgages

With home values rising substantially over the past few years, more and more clients are taking advantage of low-interest rates and lender refinance programs to eliminate some of their consumer debt.

While debt consolidation may not always be the best option, it's worth considering whether refinancing your home to pay off credit card debt, loans, or a line of credit would make sense in your circumstances. You may be surprised by the amount of money you can save.

Some reasons to refinance may include:

• Consolidating multiple payments into a single, often lower, monthly payment
• Accessing lower interest rates compared to consumer debt
• Creating a rainy-day fund for the future, to avoid the need higher-interest rate credit

Feel free to give us a call anytime to discuss the possibility of refinancing to consolidate your debt. My consultations are always free and could potentially save you hundreds or even thousands of dollars in interest.

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