WHAT IS A DEBT CONSOLIDATION LOAN?
Debt consolidation
is the process of taking out an equity home mortgage loan
that allows you to consolidate several individual debts or refinance a first and/or
second home mortgage loan into a single consolidated payment at a single interest
rate.
As an example say you have $75,000 outstanding on three credit cards at an interest
rate of 19.99%, with the following amounts outstanding
Card #1: $25,000
Card #2: $15,000
Card #3: $35,000
The total amount of debt you owe on the three cards is $75,000. A typical monthly
payment (based on 3% of the outstanding balance at an interest rate of 19.99%) would
be $2,250.
Now imagine the above three debts are consolidated into a single equity home mortgage
loan for the same amount except the biggest difference is the interest
rate that you pay. By consolidating the debts into a single equity home mortgage
loan, the same debt could be serviced with a monthly payment of $479.41
(assuming a 5.99% fixed interest rate home mortgage loan).
That’s a monthly savings of almost $1,800!!!.
Now that you have all that “extra” money in hand by obtaining an equity home mortgage
loan, to reduce your debt even quicker, pay the savings back to the equity
home mortgage loan. This will reduce your debt quicker and potentially pay
off the whole amount in 3 years. That’s the power of a debt consolidation equity home mortgage loan.
LOWER YOUR BILL PAYMENTS BY UP TO 75%! or put
another way INCREASE YOUR CASH FLOW BY UP 75%!
THE ADVANTAGES OF A DEBT CONSOLIDATION HOME EQUITY LOAN
As you can see above there are some serious advantages to refinancing to consolidate
your debts.
- Lower interest rates save you money which in turn can help you eliminate your credit card debt,
quicker
- Lower total monthly payments
- Replace many payments with a single monthly payment
- Easier to manage your household budgets with a single payment
WHAT
CAN CANADALEND.COM
DO FOR ME?
Do any of the following apply to you?
- Overwhelmed by debts?
- Collectors always calling?
- Bills accumulating day by day?
- Mortgage payments behind?
- Property taxes behind?
- Current interest rate too high?
If you answered 'yes' to any of the above questions, canadalend.com
can help you on the path to financial freedom. We can help you to refinance to consolidate
your debt load into one monthly payment and one low interest rate that is both affordable
and will provide you with excess cash flow!
If you have any type of equity available, canadalend.com
can obtain a financial solution that allows you to pay off of your creditors and
then deal with a single creditor who would provide a manageable monthly payment
substantially lower than what you are presently paying.
WHAT DO I NEED TO QUALIFY
FOR A DEBT CONSOLIDATION HOME MORTGAGE LOAN
In order to see if you qualify for a
Debt Consolidation home mortgage equity loan
call our mortgage specialist or fill out an online application at
canadalend.com
and get a personal
consultation to review your options and receive a quote. You must be a home owner
to qualify.
For professional help, please contact one of our qualified mortgage specialist at
canadalend.com
at 1-866-422 6536 to get a quick and easy free
initial consultation and quote. Alternatively you may
apply online and
one of our staff will contact you promptly.
* Terms and conditions required
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