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Debt Consolidation
Want to decrease your monthly payments and increase your monthly cash flow? Debt consolidation using your home equity can be a smart way of achieving both.
Debt Consolidation Can:
- Help increase your credit score
- Offer simplicity of one payment per month
- Help pay down your principal faster
- Make cash available for emergencies
- Reduce personal stress
Below is an example of how this might change your monthly cash flow, and ultimately, the quality of your life.
| Before | After |
| House Value $280,000.00 | House Value: $280,000 |
| Mortgage Balance $180,000.00 | NEW Mortgage Balance: $240,000.00 |
| Interest Rate 5.69% | Interest Rate 3.29% |
| Mortgage Payment $1120.00 | NEW Mortgage Payment: $1170.00 |
| Accumulated Debt Payment ($60,000): $1800.00 | Debt Payments: $ 0.00 |
| TOTAL PAYMENTS: $2920.00 | TOTAL PAYMENTS: $1170.00 |
| TOTAL MONTHLY SAVINGS: $1750.00 |
If you believe debt consolidation is right for you, or to discuss it further, contact me.
