Mortgage Refinancing

Home Loan Mortgage Refinancing, Home Equity Line of Credit, Debt Consolidation, Home Purchase Mortgage Loans

Mortgage Refinancing

Mortgage Refinancing Basics

30 Year Mortgage

15 Year Home Loans

FHA Loans

Adjustable Rate Mortgage (ARM)

Fixed Rate Mortgage Refinancing

Home Equity Line Of Credit (HELOC) / Home Equity Loan

Home Equity Line of Credit

HELOC Loan Advantages

Home Equity Loan (HEL)

Debt Consolidation

Debt Consolidation Mortgage Loans

Debt consolidation mortgage loans combine all debits into a homeowner's mortgage. Since the debt is secured by the equity in the home the rates are much lower than credit cards or personal loans. This is simply because there is far less risk to the bank in the case of default on the loan.

When debt is consolidated into a mortgage the bank retains rights to foreclose on a home in case of default. As long as there is equity in the home the bank has very little risk. If there is no equity in the home this type of loan is not available.

While credit card interest rates can be up over 30% it is very uncommon for a mortgage loan to have an interest rate higher that 9%. This translates into substantial savings and can save the debtor a huge amount of money over the life of the loan. Not only does the homeowner save money in interest but the payments are also much smaller and easier to manage. This makes mortgage loan debt consolidation an excellent choice for debtors that are struggling to make their payments month-to-month.

Debt consolidation mortgage loans also have good tax advantages. Just like all mortgage interest, the interest paid on the loan is tax deductable. Depending on the loan amount, interest rate, and the individual's personal income the tax advantages could save a great deal of money.