Debt Consolidation
By consolidate all your debt such as current home mortgage, car loan,
school loan, credit card loan, and other personal loans into ONE SIMPLE PAYMENT,
you can stop paying for some of those high interest rates you owe and start SAVING!!
Debts commonly consolidate
with home loan:
►
2nd mortgage with high interest rate
►
Car loans
►
Old school loans
►
Credit card debts
►
Personal loans
Example of existing debts before consolidation:
|
Debt Type
|
Loan Balance
|
Monthly Payment
|
|
30-Year 2nd mortgage at 7%
|
$125,000
|
$831.63
|
|
Card loan (5 Years) at 5%
|
$35,000
|
$660.49
|
|
School loan at 9%, 10 years
|
$30,000
|
$380.03
|
|
Credit card debt
|
$7,700
|
$199.00
|
Total Debt
|
$197,700.00
|
$2,071.15
|
Result after consolidating all debts with home loan:
|
New Home Loan
|
Loan Balance
|
Monthly Payment
|
|
30-Year mortgage at 3.75%
|
$198,000.00
|
$916.97
|