Consolidating your debt into your mortgage

05-Sep-2017 03:34

This should make your debts easier to manage and save you money on fees and late payments.

Back to Top Debt consolidation will come in the form of either an unsecured personal loan or a mortgage refinance loan, which allows you to refinance your current mortgage and combine your unsecured debts into the mortgage at the same time.

Our goal is to provide you with expert advice about your debts so that you can resolve your situation successfully.

If you’re stressed and having trouble paying your debts, get help sooner than later.

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Back to Top Most debt consolidation loans should offer you a lower interest rate than you are receiving on your credit cards and personal loans.

This makes managing your debt situation significantly easier and often you can wind up paying less each month than you were paying before.

Back to Top Generally a debt consolidation loan allows you to consolidate all of your unsecured personal loans, credit cards and store cards.

You may want to apply for a consolidation loan if you’re struggling to make your minimum monthly payments on your credit cards, line of credit or overdraft.

Or, it might make sense to consolidate high interest rate debts into one monthly payment with a lower interest rate.In simple terms, consolidating debts is not the easy option it seems as there are lots of potential pitfalls that need to be considered as well as the short term benefits.