Debt Consolidation

Get a long-term debt consolidation mortgage that gives you the funds to pay off several debts at the same time.

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How Debt Consolidation Works

Some homeowners refinance to pay off debt, such as credit card balances. They accomplish this with a cash-out refinance: getting a mortgage for more than they owe on the home, taking the difference in cash and paying off high-interest debt with it.

Top Reasons You Should Consider Debt Consolidation

  • It simplifies your finances. Instead of having many debt payments every month, you have one.

  • It saves you money. It pays off high-interest debts with a low-interest mortgage or debt consolidation loan.

  • It gives you the flexibility to choose the monthly payment and loan term. Thereby, you can reduce your monthly payments or pay off debt faster.

 

Type Of Debts You Can Consolidate:

  • Credit card loans

  • Auto loans

  • Personal line of credit

  • Student loans

 

Qualification Criteria For Debt Consolidation:

  • Credit history

  • Home equity

  • Financial stability and Proof of income

Let Us Find The Best Mortgage Deal For You

Send us a message about your requirements, and our mortgage expert will get in touch with you.

Questions? Reach Out To LendX's Mortgage Advisor