If your debt load is too large for your liking, a debt consolidation loan may be the answer. You can leverage your home’s equity to consolidate any type of debt. You can choose a cash-out refinance mortgage, a home equity line of credit, or a second mortgage to consolidate and pay off your bills.
While this loan won’t immediately raise your credit score, it will help you to efficiently manage your debt and combines your obligations into one easy monthly payment.
Ross Mortgage Corporation debt consolidation loans:
- Have lower interest rates than unsecured loans or credit cards.
- Saves on interest payments and frees up cash for savings or to pay down your principal balance.
- Unlike other consolidation loans, your mortgage interest may be 100% tax deductible.
- Take advantage of the untapped equity in your home.