Mortgage debt consolidating mortgage company
If you got your mortgage a decade ago, you easily could still be paying 5% or more on your mortgage.
Now is a good time to refinance to consolidate your debt, as you will probably pay a much lower interest rate than what you are paying on credit cards or student loans.
This is more convenient and will save you interest as well.
There is a reason why millions of homeowners have used a home mortgage loan to consolidate debt and refinance revolving credit cards over the last three decades.
For years, many Americans have decided to save on their credit card bills and other debts by refinancing their mortgage and pulling out equity.
For decades Americans have turned to the mortgage in an effort to save money with lower payments through the debt consolidation loan opportunities afforded to homeowners in this country.
This is especially pertinent if you are nearing retirement.
#4 Paying Off High Interest Debts Helps Credit If you have ,000 of high interest credit card debt, this is lowering your credit score.Consumers that have a mortgage on their home have found one of the best ways to consolidate debt is through a traditional refinance transaction.This can be an excellent choice for people who are stuck paying high interest debt bills every month.Paying less in interest over the years leads to better financial security as you approach retirement.#7 Pay Set Payments Over Time If you refinance your debts into your mortgage, you will be able to make fixed payments on your debt over a long period of time.