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Home Buying

Selling a Home Home Refinance Debt Consolidation Home Equity Loans Loan Features

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Debt Consolidation

Reduce Debts and Lower Your Monthly Payments

Application

 

Debt Consolidation Calculator

 

Example of Benefits

 

Home Refinance

 

Debt Consolidation loans have been a means by which hundreds of thousands of homeowners have been able to use their home values to save money.   By taking out a debt consolidation loan (2nd mortgage) a borrower is able to combine the balances of current bills and debts into one loan... and one payment.   Lenders may offer borrowers with good to excellent credit the ability to borrow up to 125% of the value of their current property. 

 

 

The money from a debt consolidation loan can be used for any purpose- including but not limited to

 

Paying off High Interest Credit Cards

 

Home Improvements

 

Tuition

 

Vacations

 

Luxury Items

 

And anything else!

 

Generally speaking, with a debt consolidation loan monthly payments are reduced and cash flow is increased.  Further, since the interest paid on a debt consolidation loan is that of a home loan, the interest may be tax deductible.*

 

Bills Balance Payments

Debt Consolidation Loan

Credit Card #1 $5850. $135.00 -0-
Credit Card #2 $5,300. $157.50 -0-
Credit Card #3 $5,060. $249.00 -0-
Credit Card #4 $5,200. $262.50 -0-
Credit Card #5 $2,600. $87.00 -0-
Credit Union $1,790. $83.00 -0-
Car Payment $10,090. $262.50 -0-

TOTAL

$35,890.

$1,236.50

$481.20

Based on a $43,000 loan over 25 years at 13% APR 15.934

 

On this example, there's a savings of $755.30 per month!!!

 

Call NOW to Apply! 800-746-6509

 

* Consult your tax advisor for details.


 

 

 

 

california home finance, home loan, refinance loan

California Home Finance