Consolidate Your Debt
If you are currently stuck with debt at a high interest rate, you should consider the option of consolidating this debt into a new mortgage. Assuming that you already have some cash on hand, consolidating some other form of debt into a mortgage with a far lower interest rate can give you a long-term financial advantage over your current situation. As long as the consolidation of your debt doesn’t increase the loan over the acceptable threshold in comparison to the value of your property (this depends on the amount of your down payment, debt and property value), this scenario is a viable one.
Instead of settling for paying off your debts at an inconveniently high interest rate, why not take advantage of lower interest rates by consolidating your debts into a new mortgage? We are here to help walk you through the process.