Consolidating your debt into your mortgage

Rates from 4.5% APRC to 65.2% APRC are available - the highest rate is for customers with severe credit problems.

Debt Consolidation: A Powerful Tool For Your Financial Goals.

Consolidating your debt by refinancing allows you to put existing debt into your mortgage—typically at much lower interest rates.

The result is a single interest rate and single monthly payment.

If you don’t make your payments the lender can take you to court but can’t seize any asset.Thousands of people consolidate debt every year in order to reduce their outgoings and to simplify their finances.Here, we look at the advantages and disadvantages of consolidating your debt into your mortgage.Consolidating credit debit or multiple loans means you’ll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner.By understanding how consolidating your debt benefits you, you’ll be in a better position to decide if it is the right option for you. Our Solano Mortgage loan advisors can give you a one-on-one consultation, and map out exactly how debt consolidation can work for you.

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