If you own property, you may be able to consolidate debt through mortgage refinancing. Mortgage refinancing has lower interest rates than personal loans, credit cards or payday loans. Mortgage refinancing has the longest term of any loan with repayment periods of up to 30 years.
Obviously mortgage refinancing requires sufficient equity. Mortgage refinancing also requires a good credit history and there may be fees to pay.
For those with bad credit history, a variation of a mortgage refinancing is also available. These are referred to as Non-conforming loans.
Non-conforming loans are specifically designed for those with bad credit history. Mortgage refinancing with a non-conforming loan usually has higher interest and fees than regular loans.
Contact Beyond Debt if you think mortgage refinancing might be the solution for you. Also, be sure to check out some of the options avaliable on our Debt Solutions page.
NB: Beyond Debt is not a lender. If mortgage refinancing is an appropriate solution they can provide a referral to finance brokers who opperates in your area.
Mortgage Refinancing
Mortgage Refinancing
If you own property, you may be able to consolidate debt through mortgage refinancing. Mortgage refinancing has lower interest rates than personal loans, credit cards or payday loans. Mortgage refinancing has the longest term of any loan with repayment periods of up to 30 years.
Obviously mortgage refinancing requires sufficient equity. Mortgage refinancing also requires a good credit history and there may be fees to pay.
For those with bad credit history, a variation of a mortgage refinancing is also available. These are referred to as Non-conforming loans.
Non-conforming loans are specifically designed for those with bad credit history. Mortgage refinancing with a non-conforming loan usually has higher interest and fees than regular loans.
Contact Beyond Debt if you think mortgage refinancing might be the solution for you. Also, be sure to check out some of the options avaliable on our Debt Solutions page.
NB: Beyond Debt is not a lender. If mortgage refinancing is an appropriate solution they can provide a referral to finance brokers who opperates in your area.