Debt consolidating remortgage loan


18-Oct-2017 23:10

By consolidating your debts into a home equity loan or line of credit, you'll have the convenience of one consolidated payment rather than having several bills from different creditors.This makes bill payments more manageable and the rate is usually lower, helping you pay off your debts sooner.

"If that's the case, you need financial counseling, but for people who will not do that -- who had medical expenses, business expenses and ran up their credit cards -- a debt consolidation mortgage is a good solution."He cites the case of a client who had a mortgage-free investment house and more than ,000 in credit card debt.Homeowners who are looking to consolidate their debts have the option of using their home equity to secure a loan or line of credit.



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