Debt Consolidation

By: Castle Rock Mortgage  02/12/2015
Keywords: Debt Consolidation, Wealth Planning, Cash Flow Management

Mortgage rates are near all time historic lows, so a Debt Consolidation loan can provide homeowners one low monthly payment. Pay off high interest credit card debt. Finance education expenses. Enjoy a stable interest rate alternative to a home equity line of credit The Federal Housing Administration (FHA) now allows you to take up to 80% of the appraised value of your home in cash, giving you more flexibility to consolidate debt. Fannie Mae's Agency Products also allows you to take up to 80% of the appraised value of your home in cash, which can be used to pay off unwanted debt such as high interest rate credit cards. Veterans Administration allows veterans and active duty to access up to 95% of their homes appraised value for debt consolidation on single family residence. For Borrowers over the age of 62 a Reverse Mortgage can be an excellent alternative for debt consolidation.

Keywords: Cash Flow Management, Debt Consolidation, income planning, Short Term Planning, Wealth Planning

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