California Debt Consolidation and Home Improvement Loans

California home loans

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Reduce Debts and Lower Your Monthly Payments

Debt Consolidation

Debt Consolidation loans have been a means by which hundreds of thousands of homeowners have been able to use their home values to save money. By taking out a debt consolidation loan (2nd mortgage) a borrower is able to combine the balances of current bills and debts into one loan... and one payment. Lenders may offer borrowers with good to excellent credit the ability to borrow up to 125% of the value of their current property.

Debt Consolidation Calculator

Debt Consolidation Info

Example of Benefits

California debt consolidation

Pre-Application

The money from a debt consolidation loan can be used for any purpose- including but not limited to

Paying off High Interest Credit Cards

Home Improvements

Tuition

Vacations

Luxury Items

And anything else!

Generally speaking, with a debt consolidation loan monthly payments are reduced and cash flow is increased. Further, since the interest paid on a debt consolidation loan is that of a home loan, the interest may be tax deductible.*

Bills	Balance	Payments	Debt Consolidation Loan
Credit Card #1	$5850.	$135.00	-0-
Credit Card #2	$5,300.	$157.50	-0-
Credit Card #3	$5,060.	$249.00	-0-
Credit Card #4	$5,200.	$262.50	-0-
Credit Card #5	$2,600.	$87.00	-0-
Credit Union	$1,790.	$83.00	-0-
Car Payment	$10,090.	$262.50	-0-
TOTAL	$35,890.	$1,236.50	$481.20

^{^{Based
on a $43,000 loan over 25 years at 13% APR 15.934}}

On this example, there's a savings of $755.30 per month!!!

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* Consult your tax advisor for details.

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