What kind of debts can one
put into consolidation?
Our expert consultants can help you
with unsecured debt like credit
cards, unsecured personal loans,
utility bills, medical bills, store
cards, gas cards, back taxes,
student loans etc..
benefits can debt consolidation
A quality debt consolidation plan
includes two vital ingredients. The
first is offering an intelligent,
planned way to get out of debt. The
second is the motivation on the part
of the individual to get out of
debt. Debt consolidation plans
provides you the convenience of
making one monthly payment, which in
turn is managed and distributed by
our partners to your creditors.
Usually, this one monthly payment is
lower that the current monthly
payments being made individually,
meaning that more of the client's
money is working to pay off the
principal - the actual debt -
instead of just interest on the
debt. This is why a debt
consolidation plan can get you out
of debt faster.
impact will a debt consolidation
plan have on my credit?
A debt consolidation plan
enables you to reduce debt and
have your payments recorded as
prompt payments, both of which
are excellent ways of improving
your credit rating.
are the reasons for refinancing?
There are many benefits to
refinancing; it just depends on
what your objectives are. Some
of the most popular reasons are:
Refinancing may put money back
in your pocket every month.
If rates are lower
now than when you originally
financed your home, or if you choose
an adjustable rate mortgage with a
lower initial interest rate than
your current rate, your monthly
payment will go down (assuming you
don't shorten the term or increase
the loan balance significantly).
That means you can save more every
month or afford those dance lessons
or dinners out or new suit you've
had your eye on. Not only that, but
you probably won't have to scrape
together money to bring to the
closing table either, because you
can usually include all of the costs
to close your loan in the new loan
Refinancing may put a lot of
money in your hands today.
If you have
significant equity in your house,
you could get a cash-out refinance
and walk away from the closing table
not only with a new loan but with a
large amount of money to invest or
to use for a once in a lifetime
opportunity - like an extensive
vacation, college, home improvements
or the purchase of a boat or
anything else you've been dreaming
of all your life.
Refinancing may get you out of
current loan to a fifteen year or a
bi-weekly loan may be possible
without even raising the payment
significantly, particularly if rates
were high when you first bought. You
could save thousands and thousands
in interest and own your home many
years before you would with a
standard 30 year loan.
much can I borrow?
You can borrow up to 100%.
In some cases even more of your
home's appraised value.
is a good time to refinance ?
The best time(s) to refinance your
home is when the mortgage rates are
you are in need of fast cash for any
does a refinance closing work?
The refinance closing will be
conducted the same way that your
loan was closed when you first
purchased the property. Soon after
your loan is approved your loan
consultant will send a list of
documents you'll need to bring to
the closing. You'll also be sent an
Estimated Settlement Statement that
tells you the amount, if any, you'll
need to bring to closing in the form
of a cashier's check, as well as an
outline of how the funds from your
new loan will be disbursed. If this
is a refinance of a primary
residence, the loan won't actually
fund until three business days after
signing the loan documents, due to
the borrower's right of rescission.