Consolidating debt into a new mortgage
It’s also a good idea to stay clear of websites and lenders that charge you big upfront fees for a debt consolidation loan.
With a debt management plan, you make one monthly payment to a credit counseling agency and the agency pays each of your credit card lenders.
Consolidating your debt by refinancing is simply moving all your debt into one place: your mortgage.
Doing this gets rid of differing due dates and various companies you owe to, putting all your loans and debt into one, easy to remember payment.
Refinancing your home loan is a great way to get the money you need to consolidate all those bills and get rid of their high interest charges.Guaranteed Rate is in the business of saving our customers money on their home loans.With low rates and personalized loan options, you’ll be sure to get the mortgage and low rate you need to meet all of your home financing goals.But, before applying, be sure to ask about the lender’s credit requirements.Keep in mind that you’ll need Be sure to check out any potential online lenders with the Better Business Bureau before applying for a debt consolidation loan online.