Common Questions And Facts
What is debt consolidation?
Debt consolidation is where you take all of your (or at least the largest) credit cards, bills and loans that you current have outstanding, and then arrangements are made to obtain lower interest rates on these accounts, negotiating a longer pay off period which will result in lowering the monthly payment amounts, leaving you with one smaller, lower interest, payment that you can afford without hurting your credit!
What will I gain by consolidating my debts?
You can put more money back into your household budget when you get a lower payment while still repaying on your obligations. Consolidating your debts allows you to keep all of your possessions without a worry of 'losing' assets if you should miss one more payment, and consolidating your debts will put a stop to creditors calling you because you are behind or late on your monthly payments.
How do lenders compete to give me a loan?
Lenders and financial institutions will compete to handle your refinancing or mortgage loans by offering you a certain interest rate, a repayment plan that fits your budget, and possibly even a payment plan that includes additional benefits such as biweekly payments, local payment options, and an option that will give you cash back for possible repairs needed on the property or home.
Each lender provides a variety of different financial services, matching you to the lenders that meet your individual needs are completed through the competitiveness of these providers.
Use the online mortgage calculators to learn more about the interest rate you need to get the payment that you want when refinancing or obtaining a new mortgage.
Do I need any money up front?
No! There are no up front fees for inquiries about mortgage and refinancing. We provide you with all the tools needed, and the online financial lenders that are ready to do business. Simply fill out the online form, then sit back and relax as the lenders review your mortgage or financial needs where they then present you with how they can help you! Click here to inquire now!
Why should I refinance my home or auto loan?
Refinancing a loan is simply this: taking the balance that you still owe on a loan, obtaining a better interest rate which will lower your monthly payment, or you can stretch out the balance that you owe which will also dramatically reduce the monthly amount due. Refinancing is a shuffle of your debt so you are refiguring the amount that will be paid back monthly which can put money back into your monthly household budget when you have a lower monthly payment. This is possible with home loans, auto loans, student loans and even personal loans! Click here to use the online loan calculator
What is a home equity loan?
A home equity loan is a loan on the value of your home that is currently not under obligation as any other type of loan. For example, say that you bought a home that cost $100,000 ten years ago, and the value of your home is now $125,000 and you only owe $80,000 on your home still. You could be eligible to borrow up to $45,000 to use for repairs on your home, to buy a car, or even to put towards education expenses. The value of your home that is in excess of your mortgaged amount is the equity that you have in your home. Click here to learn more about home equity loan.