Want to decrease your monthly payments and increase your monthly cash flow?
Debt consolidation using your home equity can be a smart way of achieving both.
With a refinance mortgage, you can make a strong, positive difference on your family’s financial situation.
Debt Consolidation Can:
- Help increase your credit score
- Offer simplicity of one payment per month
- Help pay down your principal faster
- Make cash available for emergencies
- Reduce personal stress
Below is an example of how this might change your monthly cash flow, and ultimately, the quality of your life.
|House Value $280,000||House Value $280,000|
|Mortgage Balance $180,000||NEW Mortgage balance $240,000|
|Interest Rate 5.69%||Interest Rate 3.29%|
|Mortgage Payment $1120||NEW Mortgage Payment $1170|
|Accumulated Debt Payment ($60,000) $1800||Debt Payments $0.00|
|TOTAL Payments $2920||TOTAL Payments $1170|
|TOTAL Monthly Savings $1750|
If you believe debt consolidation is right for you, or to discuss it further, contact me.