Feeling squeezed by the bills that keep coming your way? Refinancing your home loan is a great way to get ‘cash out’ of your home’s equity to use for other purposes.We’ve made it simple and straightforward to consolidate your high-interest debt by refinancing to a low mortgage rate.Once you have entered everything you wish to consolidate, click on the "Calculate Current Debts" button.
Plus, the interest you pay may be tax deductible (consult a tax advisor).Mortgage Executive Magazine recently compiled a comprehensive list of the nation’s leading companies and named Mortgage Solutions Financial as one of its Top 50 Mortgage Service Providers Award recipients.Mortgage Executive Magazine recognizes and celebrates the service, dedication and hard …A debt consolidation loan can cut those numerous high-interest debts down to size into one low-interest loan. Home equity loans are commonly used for debt consolidation. Managing your debt is not as difficult as you may think. As a homeowner, there are several different options available to you. Is it near or higher than today’s cash-out refinance rates?Depending on changes in the financial index associated with your loan, your monthly payment will either increase or decrease. Are you concerned about your qualifying income or credit score?A Federal Housing Administration (FHA) loan is a popular option for home buyers with lower qualifying income, low credit scores or a lack of credit history.Today, many lenders say 1% savings is enough of an incentive to refinance.Reducing your interest rate not only helps you save money, it also increases the rate at which you build equity in your home, and it can decrease the size of your monthly payment.Debt consolidation allows people who are struggling with their finances to group their obligations into a single payment.By consolidating your many obligations into a single one, you can often lower your interest rate and end up with a lower monthly payment.