Consolidating debt mortgage refinance Xxx live chat lank

Posted by / 24-May-2017 18:22

The valuable equity that you have in your home can be used to consolidate high interest credit card debts, credit lines and even car loans.

We invite homeowners to shop and compare debt consolidation rates.

Third, interest paid on mortgage debt, even from a debt consolidation, is tax-deductible up to certain limits – so that can save you money as well.

A Mortgage Debt Consolidation Loan can be one of two types: a home equity loan/line of credit, or a cash-out refinance.

Debt consolidation through a cash-out refinance mortgage involves taking out a new loan to pay off other loans, such as student loans, auto loans, personal loans, medical bills, credit card balances, or other credit accounts.

The interest rate on some of these other types of debt may be very high, so a cash-out refinance may alleviate some of that financial burden.

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Refinancing can start at today's 5-year rate of 2.39%*.