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Discover your potential monthly savings by combining your bills into a single source. Eliminate high interest rate credit card and installment loans with a tax deductible (consult your tax advisor) consolidation loan. Use our calculator to figure how long before your savings equal the cost of obtaining a new consolidation loan.
These calculations are only estimates and can only be used to evaluate the possible results of consolidating certain debts into an equity loan. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation. Please consult your tax advisor for information on the deductibility if interest for tax purposes.
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Other Articles...
Home Appraisal Costs
When you go through the process of selling or buying a home, one of the questions on your mind might be 'how much does a home appraisal cost?' The answer to that question is that it depends on several factors, but there are a few standard guidelines that can help you better estimate your cost. more
Switching Your Mortgage
Switching out of your current mortgage loan to a different one can be a very smart financial decision. There are several common reasons why homeowners will refinance, or switch their loans for new ones. more
When is a Home Foreclosure Your Best Option?
A home foreclosure is not an enjoyable experience for anyone involved. On the part of the lender, they will undoubtedly lose money on the deal. On the part of the homeowner, it results in a lot of problems, both financially and emotionally. It will hurt your credit score and will be on your credit report for a long time. While no one goes into a mortgage thinking they will lose their home, sometimes it is inevitable. So when is a home foreclosure your best option? more
Avoiding Foreclosure
For homeowners, "foreclosure" is the ugliest word in the world. Foreclosure means losing your house and ruining your credit. There are plenty of things that might cause you to get behind on your mortgage, but it is always best for your financial future to take steps to remedy the situation to avoid foreclosure. more
4 Steps to Purchasing a Short Sale
Purchasing a short sale occurs when you buy a home for less than what the owner still owes on his or her mortgage. A short sale allows the existing homeowner the opportunity to sell their home at a discount price and avoid foreclosure. more
Reverse Mortgages: Pros and Cons
Like anything else, reverse mortgages have pros and cons. Before deciding whether or not to choose a reverse mortgage, it is important to consider what they do to determine whether or not they are the right choice. more
Why are Lenders So Slow in Loan Modification?
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3 Home Equity Debt Consolidation Loan Alternatives
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A List of FHA Loan Programs
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Home Equity Debt Consolidation Loan Requirements
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The Risks with 40 Year Mortgage Loans
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Apply for a Home Loan with Bad Credit
When you try to apply for a home loan with bad credit, you might feel like the whole world is against you. You think none of the banks want to do business with you and you will never get the house that you've always wanted. Your bad credit can definitely hurt you. However, it is not impossible to get accepted with bad credit. Here are a few things that you can expect, though. more
Buying Foreclosures
Buying foreclosures can be a great way to save money on a home, whether for your primary residence or a rental property. It is not always as straight forward or easy as buying a seller-owned home though. There are some definite advantages and disadvantages to buying one of these discounted properties. more
100% LTV Home Equity Loan Advantages and Risks
A 100% LTV home equity loan means that you have borrowed at least the full value of your home in a single loan or multiple loans. To well-qualified borrowers there can be advantages, but there also are significant risks. Loan to value is calculated by dividing the total value of all loans against your home by the current market value of your home. more
Choosing a Mortgage Cosigner: Who You Shouldn't Ask
When you are looking for a mortgage cosigner, everyone you know starts running through your head as you create a list of potential people you could ask. Asking for a mortgage cosigner is not an easy task, but there are some people who you just should not ask. more
