Debt Consolidation Refinance

The maximum loan-to-value and combined loan-to-value of any debt consolidation refinance is 85% of your home's current value. The calculation is based either off the appraised value or the original sales price, depending on the length of time you have owned the property.

·         Save Hundreds of Dollars a Month

·         Pay Off High Interest Credit Cards

·         Stop Paying Compounding Interest

·         Fast and Easy Approval Process

If you own your own home, there is a good chance you can obtain a FHA Debt Consolidation loan to control your debt and reduce the amount you pay each month.

A FHA Debt Consolidation Loan allows you to pay off high interest credit cards, short-term loans, and other bills and refinance them into a low rate FHA loan. In most cases, the FHA loan has a much lower interest rate than you currently have on your mortgage.

Reducing Monthly Payments

Carrying balance on several high interest credit cards is difficult. Not only do you have a separate payment each month for them, but also if you miss a payment, the costs of delinquency add to your debt load. When you refinance your debt using a FHA loan, you can make one low payment for all these bills. The convenience is incredible; you will no longer have to write multiple checks or log in to all those accounts to pay your bills each month. One simple payment could be all you have when you use a FHA debt consolidation loan.

Manage Debt with Cash-Out Refinance

Our loan specialists can help you manage your debt with a FHA Debt Consolidation Refinance loan. You can restructure your monthly bills to ease your financial situation.