Are you considering a debt consolidation loan to pay off your secured and unsecured installment or revolving debts? Debt consolidation loans can provide a sound financial plan to gain control of finances, reduce monthly payments, and consolidate loans.
You can refinance your mortgage to pay off credit cards or any other higher-interest-rate debts. Consolidate all the debts into one single monthly payment with our debt consolidation home loan! Then combine the first and second loans. Once the payments are lowered, they may even become tax deductible. The savings are doubled since the short-term consumer credit is paid off, and the new home loan becomes tax deductible.
Your original payments and monthly cash outlay could be cut in half with a home equity loan or a second mortgage. You may get cash out for any purpose. If you have equity in your home, need some cash out and want to consolidate your loans, Discovery Financial has great programs.
If there is minimal equity in your property, you can still take advantage of our 100% home equity second mortgages available*. These loans eliminate debts quickly can reduce your cash outlay each month. They do require minimum FICO scores and a certain length of home ownership. Call us for more information!
Debt consolidation loans are fixed-rate second mortgages or adjustable home equity lines of credit that can be used to pay off any type of debt and also provide the option of receiving cash out for any purpose. The loan does not change the terms of your existing first mortgage.
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