Debt Consolidation Mortgages Save Money!
Do you currently carry balances on credit cards, lines of credit, or have other loans? Are you finding it to be a financial burden? Use could use equity you have built up in your home for a debt consolidation mortgage with a more affordable payment.
Consider the following example (please note: the interest rate on this example is for illustration purposes only):
|Payment Type||Amount||Monthly Payments|
|Existing Mortgage @5.5%||$ 230,362.61||$ 1,227.74|
|Credit Card Debt @ 19%||$ 35,000||$ 1050.00|
|Car Loan @ 6.5%||$ 15,000||$ 450.00|
|Total||$ 280,362.61||$ 2727.74|
|New Mortgage @5.5%||$ 280,362.61||$ 1494.22|
|Monthly Savings||$ 1233.52|
Could You Use an Extra $1200/m Tax Free?
In the above example, even without using a lower mortgage rate, this person would save over $1200/month in debt servicing costs by doing a debt consolidation mortgage! Many people are in a worse situation than this, and could benefit even more! We have various mortgage lending options for you, and we work to get the best deal possible for you. Whether it is through a conventional mortgage, a secondary mortgage lender, or a private second mortgage, we have you covered.
Save Money on Your Mortgage With a Debt Consolidation
Paying off expensive after-tax debt such as credit cards is a wise investment. It is debt that you probably are not able to deduct from your income, so it really is putting a strain on your financial well-being. Getting relief is very simple; all you have to do is fill in the form below and I will be in touch with you very shortly. Contact me today!