Everything you need to know about using a mortgage for debt consolidation
Let us outline the best mortgage options to pay off debt and increase your cashflow.
If you're finding it difficult to stay on top of your payments, but you have considerable home equity, consider consolidating your debts. Here's the plan.
Get started right away
Using a mortgage to consolidate debt requires you to have equity in your home. So the best place to start is with an application. Together, we'll assess your equity, income, assets, and liabilities and put a plan in place to move forward.
Consider your options
If you're looking to consolidate high-interest debts into your mortgage, how well you've managed your credit will determine the options you have available. Let's walk through those options and find the right lender to work with.
Bringing it together
With the right lender in place, our goal is to make sure you know exactly where you stand at all times. Once the mortgage funds, your lawyer will receive instructions to pay out the appropriate debts to increase your cashflow.
Debt consolidation by way of mortgage financing can give you the financial breathing room you need. Let's talk!
Resources around debt consolidation
Reposition Your Debts Through Mortgage Financing
If you’ve collected high-interest debt over the last while, but you have a sizeable amount of home equity, consider accessing your home equity through a mortgage refinance to lower your overall cost of borrowing and become debt-free sooner.
Alternative Lending Provides You With Options
Alternative lending provides you with mortgage options that fall outside the normal banking channels. Learn more about the choices you have available to you.
Improving Your Credit Score
Did you know that roughly 20% of credit reports have misinformation on them? Learn more about how regularly reviewing your credit report is an integral part of credit management.
Benefits of Working with an Independent Mortgage Professional
Buying a property might be easier than you think. So, if you have NO desire AT ALL to qualify for a mortgage, here are some great steps you can take to ensure you don’t accidentally buy a property.
