Debt Consolidation Loans

• Lower interest rates  than on current liabilities generally
• Lower payments  than on current liabilities
• Make 1 payment each month for all obligations
• Increase credit score with lower balances

A debt consolidation loan can be very beneficial for a homeowner that has accrued a large amount of debt or for a homeowner that has high interest debt.  Debt consolidation loans will allow you to transfer all of you debt into your mortgage payment which will often reduce the interest rate on your debt and will also spread your payments over the term of the mortgage.  A homeowner’s monthly cash flow can be greatly increased by utilizing a debt consolidation loan.  Ask your lender to go over a debt consolidation worksheet with you so that you understand the benefits and disadvantages of consolidating your debt into your mortgage.

Home Improvement Loans

• Increase the value of your home
• Create additional living space
• Update your home
• Payoff improvements over the life of your mortgage

Home improvement loans can be any type of mortgage that will offer you cash out.  You can use a home equity loan or a standard refinance to make home improvements.  The home improvements that you make are completely up to you.  A borrower can use a home improvement loan to make room for a new baby, update the kitchen, add a bathroom, make home repairs or put in a pool or spa.  The possibilities are endless.