A Simple Debt Consolidation Loan Can Save You Money Immediat

Many people contact us when they are 30, 60 and 90 days in their mortgage payments.
If they are this late with their house payment they are generally behind with the car and have several credits cards that are maxed out.

A simple debt consolidation loan would take of all these troubles. By using the equity in your home all the debts would be paid off and you are left with a clean slate and generally spending less money every month.

One benefit to a debt consolidation loan that often overlooked is the tax advantage. Interest on a home loan is tax deductible where interest on credit cards and cars are not.

Our office received a call early one morning from a man desperate to save his home and needed foreclosure help. He was already 90 days late on his mortgage and desperately needed to refinance and pull out money to pay off enormous debts.

He had just started a new job where he actually was making less money than before, and was in a real financial bind. His poor credit made it difficult for him to even qualify for a loan, let alone a low interest rate. To make matters worse, the next day he received a notice of default on his property.

This man was worried that his family would have no place to live. He was reassured that we would save his home and help him through this difficult ordeal.

We began immediately researching ways to help this client and found a lender willing to work with him and save his home just in the nick of time. His mortgage payment stayed about the same and he was able to pay off more than $25,000 in other debts, which alleviated several hundred dollars in credit card payments every month.

More importantly, this man's house was saved and his family was in a much stronger financial position.