We have a mortgage for 146,000. Value according to mortage holders is around 205,000. We have a fixed 6.65% rate and have 26 yrs left on mortgage. Current holder could roll all of our debt into home loan and reduce our rate by .25%. Bringing our payment with escrow, insurance, taxes, etc.. from 1460.00 to 1750. Our debt includes 14,000 in student loans, 14000 in credit cards, 15,000 in vechiles as well as 10,000 on HELOC. The question is this almost taps out the entire equity in our home and we would also have a thirty year loan again. Would this be a wise move? Thanks. BTW both of our middle credit scores are mid 720. We make about 110,000 a year.

These companies that offers debt consolidation and credit management, do they really cut your credit card bills to 40%??

Thinking of refinancing my mortgage. Was considering debt consolidation. Credit score in 720 range. No negative credit. Don’t want too many hits on credit report.

www.realcase.com Finding truthful debt consolidation information isn’t as hard as it seems. While many experts seem to contradict each other, you can find out the truth behind consolidating your loans and your debt by simply keeping a few things in mind. Since financial information changes all the time, you need to look to high quality sources to be certain they’re giving you the latest facts about debt and how to manage it. Loan consolidation doesn’t have to be a mystery anymore – you can find the answers you need and that your budget woes require. Nearly everyone is at risk for debt these days.There is always a risk with finances, and especially with a decline in the economy.It’s vital that you continue paying off your existing commitements (eg credit cards, mortgage or rent, etc). Even if you’re pretty secure in your job right now, who knows what will happen down the road in days to come? You might become ill – A terminal illness can put you out of commission, unable to work and provide income for bills.

home loan, equity loan, home equity loans best financing refinancing bill debt consolidation lonas in Phoenix Glendale Scottsdale Arizona. Call Robert Adams @ 623-570-1310 to schedule an appointment. I COME TO YOU!

Hello All,
I’m trying to roll up my outstanding unsecured debt (about $25k) into 1 payment per month at a lower interest rate than what my current avg. interest rate is (19%). I gross about $6k a month as an analyst with a utility company and get paid monthly. I have a credit score around 630, I rent an apt. and I’m financing my car. I’m paying close to $1,500 a month towards my unsecured debt, a small % is going towards the actual principals. The payments are due on various dates each month (which I’ve already moved some bill cycle dates) which has caused me to be late or miss payments altogether. Ultimately my goals are to have 1 payment (close to my pay date), have a larger % of the payments go towards the principal at a better interest rate, lower my payment to around the $650-$800 range per month & improve my credit score. I think the only hope I have is to try & get a loan with a co-applicant/ co-signer.
With that being said, does anyone have any suggestions on a route to take?

I have tryed debt consolidation places but I need to loan to be able to do it all because they dont cover some of my debt.

The construction loan is financed for about $450,000. My husband and I have about $8000 worth of debt. We want to obtain a debt consolidation loan just to pay off these debts. By paying this off we will raise our credit scores almost 40-60 points. My husband is at a 631 score. He wants to be at a 700 or 720 by the end of the loan to secure a low interest rate. Once the mortgage is finalized we will roll this $8000 debt into the new mortgage loan. Although we are approved for $450,000…we are thinking the home can be built for $400,000. We plan to pull some equity out of the house and put it to aside for a rainy day.

DOES THIS PLAN SOUND EFFECTIVE TO YOU?
ANY OTHER SUGGESTIONS?