Debt Consolidation Loans
Do you have too many credit cards?
Is your mortgage holding you back from taking a vacation?
Consolidating your debts will lower the monthly amounts that you have to pay out in bills.
Either an equity second or over-equity second can be used for debt consolidation purposes.
Debt consolidation loans can be used to consolidate most any type of debt ranging from credit cards, school loans, and personal loans.
When applying for an over-equity second for these purposes the lender will normally require direct payment to the debtor. Using a second mortgage for debt consolidation allows you to combine all amounts into one loan, with one more affordable payment.
If you are going to refinance your home and you have a high interest rate on your automobile, you can consolidate this debt in with your home making just one payment a month putting more money back into your personal home budget.
Use the online calculator to figure your combined payment for a certain number of months.