debt: Is A Debt Consolidation Loan Worth It?
- 07/13/17 12:22 PM
Is a Debt Consolidation Loan Worth It? There are two debt consolidation scenarios that are gaining popularity in today’s economy: 1 – If you already own a home: a debt consolidation loan is typically where you trade in your lower-balance home loan for a higher-balance home loan. You could then use the “cash-out” proceeds to pay off other debt. 2 – If you are buying a new home: a debt consolidation loan is typically where you reduce your down payment and use a bigger mortgage on the purchase of your new home. The extra money you have left over could then be used … (2 comments)
Is a Debt Consolidation Loan Worth It?
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