Debt Consolidation Mortgage Loan
A debt consolidation mortgage loan is the primary reason people refinance. Debt consolidation mortgage loan products are more popular due to the increases in minimum payment amounts required by credit card companies. In many areas, property has substantially appreciated in value, and many of my clients decide to use the "dead equity" to consolidate payments. Your debt consolidation mortgage loan payment may be tax deductible and your credit card payments are not, you are using "tx advantaged" debt to improve your overall financial picture. I offer many debt consolidation mortgage loan products to unlock the equity in your home and reduce your payments. Before you make any decision on a debt consolidation mortgage loan, a Debt Consolidation Mortgage Loan Certified Mortgage Planning Specialist can do an analysis so you know you are making the right choice based on your specific circumstances. I now offer a free Debt Consolidation Mortgage Loan Analysis which can give you the information you need to make an informed decision.
In a debt consolidation mortgage loan refinance, add the existing mortgage balance together with the bills to be consolidated to determine your new loan amount. An appraiser determines the value of your property to determine your Loan to Value (LTV). I have debt consolidation mortgage loan products allowing you to borrow 80, 90, or even 100% of the value of the home. If your ratios are high, I can consolidate your bills at closing eliminating the problem. When we consolidate your debts at closing, the debts are paid out of your proceeds so those debts are not calculated in the ratios. Of course, you may choose a fixed rate, ARM, or even an option arm are as your new loan type. Interest only loan payments are available and can reduce your payments significantly.
3) We offer several debt consolidation programs for borrowers with non traditional income or asset situations. Visit my No Documentation loans page.
Learn more about debt consolidation mortgage loan closing costs.
I also offer a debt consolidation calculator which should be useful.
I have a page on mortgage documentation requirements
* I have included a section on the new Cash Flow ARMS. A LIBOR or MTA based product which gives you complete flexibility
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As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your finances are structured today can have a life changing effect in the years to come. Read more about this free, no obligation service.
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