Debt Consolidation Loan

Using Your Home To Consoldate To Debts...

Once you've found yourself in debt it may feel like a downward spiral from which you don't know how you'll ever regain your footing. It's hard enough to find simple answers and may seem impossible when the collection agencies constantly call your house and threaten the Security of you and your family. Ultimately your decision to choose debt consolidation loans or a consumer Credit counseling program to consolidate Credit Card debt should be based on your own personal financial situation.

Debt Consolidation can:

• Help avoid filing Bankruptcy
• Eliminate Creditor harassment
• Lower debt payments up to 50%
• Provide one Monthly Payment

The most important benefit of consolidation is that it can offer a fresh start on the road to more healthy personal finances. Lower your current monthly payments today by consolidating your bills and paying off high Interest credit cards with a home Equity bill consolidation loan. Use the equity in your home to help reduce your current monthly payments and balance your budget.

A Bill Consolidation Home Equity Loan may be the right choice if you:

• Want to pay off other bills or credit cards
• Know exactly how much cash you need.
• Want to receive the entire amount up front.
• Prefer one affordable monthly payment Features and benefits:
• Monthly payments are always the same amount.
• No restrictions on how you use the cash.
• You know exactly when your loan will be paid off.
• Borrow up to 125% of the available equity in your home (up to 80% in Texas)
• Fixed and adjustable rates with terms from 3 to 30 years.
• Tax-deductible interest*.

Using a Home Equity Loan or Line of Credit to consolidate debt can be a good choice for homeowners with multiple credit cards or other types of unsecured loans. Consolidating that debt into a single loan or line of credit secured by your home's equity will usually reduce your monthly payments. Plus, the interest you pay may be tax deductible*.

*Tax-deductible interest payments mean you may:

• Pay lower taxes at the end of the year. With a Home Equity Loan or Line of Credit, you may be able to deduct the interest payments from your taxes.
• Lower the overall cost of your purchases. In most cases, the interest on a Home Equity Loan or Line of Credit may be fully tax deductible if:
• The total amount of combined home equity debt on your main home and Second Home does not exceed $100,000.
• The Loan-To-Value Ratio does not exceed 100%. You will itemize your deductions on your tax return.

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