Did you know that you can combine all of your high-interest debt – including debt from credit cards, auto loans and personal lines of credit – into one low-rate mortgage loan? Well, you can. By consolidating debt in a secured loan, backed by the equity in your property, you can access interest rates lower than even a personal line of credit would allow.
Debt consolidation is helpful to people who can’t make their full monthly payments on time. With this option, you only make one reduced payment per month.