At MortgageGuys.com, we focus on several areas of finance including helping you repair your credit. For any individual, monthly credit card payments or other bills can add up quickly and lead to missed payments. This unfortunately leads to a low credit score which can affect your ability to purchase a new home. Our financial experts at MortgageGuys.com want to help you repair your credit so you have the ability to feel financial freedom as well as purchase a new home, or perhaps refinance your existing mortgage. Whatever the case may be, we use our expertise to help you get on the right track financially.
Getting a Handle on Debt
To be able to have a good credit rating, you must be able to get a handle on your current debt situation. The best way to do this is with debt consolidation. At MortgageGuys.com, we offer debt consolidation services to assist you in getting on the right track financially. With our debt consolidation programs, we take a look at your home equity and see if the equity you have in your home will be beneficial to reducing your debt and lowering your monthly payments.
Equity in the home is the amount you have accrued as you pay off your mortgage. For example, let’s say you purchased a $200,000 home years ago and have paid off $50,000 of that loan. If your home is still worth $200,000 then you have $50,000 in equity that can be borrowed and used for debt consolidation. You may even find that your home value has increased, providing you with even more equity that can be used to cut down on monthly debt payments.
Pros of Debt Consolidation to Repair Your Credit
By using our debt consolidation methods and refinancing your mortgage, you will be able to eliminate the high interest rate debt and take on a lower interest rate, possibly paying hundreds or even thousands less each month than you were before. You could save money each month while increasing the amount of cash you are able to have on hand each month, getting out from under large monthly payments. You will be able to change the course of a financial situation that has gotten out of control, taking back control of your finances.
Varying Financial Situations
Every financial situation is going to be different. What may work for some may not work for others. This is why it is important to consult with our professionals at MortgageGuys.com. Our brokers have the knowledge and experience to help you explore all refinancing options to find the right solution for your debt needs as well as repair your credit along the way. By consulting with our brokers, you will be able to have your personal situation reviewed and feel the weight of debt lifted as a quality solution is provided.
Contact our brokers today to learn more about debt consolidation and refinancing. Take back control of your finances and start living again without fear of being taken over by debt. The valuable resources of MortgageGuys.com are sure to help!