Why is it Important to Know About Debt Consolidation?

Debt consolidation compiles all your debts and creditor dues into a single loan with one easy payment.  This makes it easier for the borrower as it is less time consuming, less interest paid, it strengthens their credit score, and simplifies their repayment process.  A debt consolidation loan’s terms will depend on your credit score (the better your credit score, the better the interest rate), amount of debt, and type of loan taken.

Debt consolidation loans cover many types of loans, some of which could be credit card loans, medical bills, personal loans, mortgages, payday loans and more. ​

How to Get a Debt Consolidation Loan?

Stopping Foreclosure and Power of Sale

Foreclosure is an unfortunate event and it can happen to anyone, even you.  The good news is, if you are still in your home but you’re already in foreclosure, you may be able to stop it.  Generally speaking, real estate lawyers or very specialized mortgage agents, are the only people who are qualified to explain what Foreclosure and Power of sale means and what might be done about stopping it as we have the experience and expertise to analyze all documentation to help you make an informed decision.

These documents could include: (more…)

Consolidating 1st and 2nd Mortgages

In the past you may have taken out a second mortgage to pay off your debt or make a large purchase, in doing so it’s likely your monthly payments have doubled, or you are paying interest only on that second mortgage.  Now you want to decrease the amount you pay each month or you could just be looking for better terms, and to accomplish that you need to consolidate your mortgages.

How to Consolidate your Mortgages? (more…)

Private Mortgage

With the mortgage rules constantly changing, private or alternative mortgages are becoming the only way some people can refinance or buy a home.  When the banks turn borrowers down the next option is to look at “Subprime” lenders.  There is a significant misconception applied to this “subprime” market, so let me explain them a bit.