Refinancing your home could allow you to consolidate your debt and improve your financial situation across the board. Although many homeowners don’t realize it, a home mortgage can serve as a tax-deductible means of consolidating non-deductible consumer debt like credit cards and other installment loans.
How does it work? With debt consolidation, all of your monthly debt obligations are included in a single lump-sum payment. This is beneficial to you because the interest rate on your mortgage is quite likely a much lower rate than what you’re getting on your other loans. The end result is a reduction in the amount you spend on your monthly bills. You’ll have more cash on hand to tackle whatever life throws your way.
Let us help you refinance your mortgage so you can spend less and get more out of life!