Archive for the 'Debt Consolidation' Category

Debt Consolidation Solutions with a 2nd Mortgage Loan

Friday, August 5th, 2011

Credit card debt can feel overwhelming and impossible to get out from under.  One of the main reasons for this is the extremely high interest rates and the revolving calculation of interest that makes it very difficult to actually pay off large amounts of debt.  Many home owners are realizing that eliminating revolving debt can [...]

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Consolidating Debt with a Home Equity Loan

Friday, March 11th, 2011

If high interest on various kinds of debts have you worried, now may be the time to look into consolidating debt with a second mortgage or a home equity loan—the two terms are identical in meaning, but a difference arises when you select a home equity line of credit.  A fixed rate second mortgage will [...]

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Home Equity Loans for Consolidating Debt

Monday, January 17th, 2011

Many homeowners have used home equity loans to consolidate credit card debt and adjustable rate loans.  It makes financial sense to refinance compounding interest debt into a fixed simple interest equity loan.  The reality is that credit card carry variable interest rates and home equity loans are second mortgages that feature a fixed interest rate [...]

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Home Equity Loans for Consolidating Debt

Monday, October 4th, 2010

Even though home equity rates are not usually as low as rates on first mortgages, they are substantially better than taking out a credit card to consolidate debts. Paying off debt can be tricky, because if you choose the wrong financing vehicle it can actually make your debt compound and the balances end up rising [...]

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Is a Debt Consolidation Loan Right For You?

Monday, May 10th, 2010

Thousands of homeowners have benefitted from consolidating debt with our home equity loans.  As the government cracks down on subprime mortgage lending it is inevitable that home equity loan guidelines will tighten for cash out and debt consolidation loans.  Consider these three steps below before taking out an equity loan to consolidate debt. 1. Determine [...]

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