Consolidating debt mortgage refinance


10-Sep-2019 21:11

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Needing to close a deal very quickly, this ACC Mortgage Customer paid cash to purchase a property.

However, he also needed to recoup some of that cash quickly for other projects.

ACC Mortgage was able to approve a mortgage loan, allowing the property buy-out that both parties were seeking.

What does using home equity to consolidate your debts mean?

Check with a Credit Counsellor to make sure that you choose the right option.

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Sometimes if you have bad credit, it might be difficult to get a debt consolidation loan, so using home equity could be another possibility.

The borrower was able to make the her father's home handicap-accessible and consolidate her debt.

Half a year later, with substantially increased credit scores she qualified for FHA financing.

This will allow you to combine them at the bank's best interest rate when they need to be renewed.

Re-mortgaging may also be an option that your lender can explain to you.When traditional lenders would not lend to a contractor with a growing business he approached ACC Mortgage.



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