Debt Consolidation
You may be surprised by the amount of money you can save
Do you have credit card bills and other debts with revolving credit balances that keep going sky high? Do you feel stuck in a cycle struggling to pay the minimum credit card or loan installment payments? Do you want to consolidate your high interest payments into a single lower interest payment that will help you pay off the debt faster and more importantly, without stress?
If you answered ‘yes’ to any of these questions, we can help! If you own your home, a home equity loan used to pay off your high interest debts may be a great solution for you to consider. Here at 911 Mortgage Brokers – The Mortgage Centre, we have expert professionals who will work with you to combine several debts into a single loan that has a lower interest rate, payment, and more beneficial terms for you. Your monthly payments can be reduced considerably!
We completely understand the financial conundrum of dealing with multiple increasing debts, however we have solutions in place to assist you get out of the debt cycle through a debt consolidation, so you can start using your hard earned money for the things that really matter!
Advantages of Debt Consolidation
There are many advantages of debt consolidation.
- You can use your assets (such as a home) to secure a lower interest rate.
- You protect your credit rating.
- Your creditors will be promptly paid in full by the bank.
- You will only have to make one monthly payment to your financial institution, instead of a bunch of different payments to different lenders.
- You will pay less of your money to interest, getting you out of debt faster.
- As long as you follow the terms of your consolidation loan and make your payments on time, your credit rating should not be negatively affected.
- We can even obtain extra funds for you for other immediate needs!
The biggest benefit to you is paying less interest though. You work hard for your money and it really is a shame for you to pay high-interest rates if it can be avoided. Paying high-interest rates can turn small loans into large debts over time.
How to Qualify for a Debt Consolidation Loan?
All you need to qualify for a loan is to own your home (or other real estate). At 911 Mortgage Brokers – The Mortgage Centre, our primary concern is not your age, credit, or income history in approving you for a loan. Instead we focus on the value you have in home equity or other real estate and, unlike the banks with their stringent lending criteria, we will try to make it as easy as possible.
