Consolidate Debt
How about one payment for all your debts?
Take control of your finances with a debt consolidation loan from U.S. Mortgage Funding. A debt consolidation loan uses the equity in your home to pay off high interest credit cards, car loans, medical bills and other debt. U.S. Mortgage Funding can help you roll everything up into one convenient, low fixed monthly payment. And unlike other loans, the interest that you pay on your mortgage is typically tax deductible so you can save even more.
What does it mean to consolidate my debt?
You can combine your outstanding credit card debt and other loan balances into one low rate debt consolidation mortgage.
What are the benefits of refinancing for debt consolidation?
Debt consolidation mortgages are popular because they typically offer much lower interest rates than credit cards and other loans. Right now, mortgage rates are roughly 3-4%. Credit card loans are 15-18% on average. Lower interest rates can lead to lower monthly payments, and the money you save can be used for paying down debt faster, investing, or saving. Essentially, you’re combining various forms of debt into one new low monthly payment. This can help when managing household budgets. And don’t forget, the interest you pay on your home mortgage is usually tax deductible, leading to more savings.
Learn how to build and manage your household budget >
Where do I start?
Our mortgage specialists will guide you through every step of the refinancing and mortgage application process. From identifying what type of mortgage is right for you to understanding how your credit score can affect your interest rates.
With thirty plus years of combined experience, you can feel confident and know that U.S. Mortgage Funding Bankers have helped people refinance existing mortgages and consolidate high-interest debt.
Call 312-448-8763 to speak with one of our expert Mortgage Bankers and find out how a debt consolidation loan can help you take control of your finances. Or fill out our no obligation quote form and one of our Mortgage Bankers will contact you.