Can I use the cash from a refinance to consolidate my debts?

Answer On One Hand: It's a Popular StrategyCashing in home equity to service other debt is a common debt strategy. By spreading out your other debt over a 30-year payoff period, and at mortgage interest r... Read More »

Top Q&A For: Can I use the cash from a refinance to consolid...

What is the best way to consolidate debts?

When your monthly debt starts to escalate, it can begin to seem out of control. You may read about debt consolidation companies that claim to be able to help you cut your debt in half, or some othe... Read More »

What does"consolidate your debts"mean?

To consolidate your debts, you simply roll multiple loans into one loan, typically with a more favorable interest rate and payment. In other words, a borrower pays off all debts at one time with on... Read More »

Can I consolidate my debts with a mortgage?

On One Hand: Mortgages Can Consolidate DebtIt's quite common for financial consultants to suggest using a second mortgage as a solution for debt consolidation. A mortgage offers a way to turn a lo... Read More »

Can a bad credit mortgage be used to consolidate debts?

A bad credit mortgage is a loan using property, usually a home and/or land, as security or guarantee of repayment to someone with bad credit or low income. The interest rates and closing costs are ... Read More »