Debt Consolidation

Debt consolidation is clearly becoming advantageous to today’s consumer. With current mortgage finance rates at an all time low, more and more consumers are finding this the best way to reduce high interest loans and credit card balances.

Prime Lending provides full debt consolidation services through mortgage refinancing. Often the new mortgage that we arrange can save our clients up to 75% on their monthly credit bills. Our professionally trained and experienced brokers can have new financing arranged in a timely manner, thus saving you money from those high interest credit cards and finance companies.

By refinancing your mortgage and paying off high interest debts you can prevent any unnecessary profit for large credit card companies while saving more money for yourself each month.

As refinancing becomes more popular, major lenders  welcome prospective clients by offering a variety of products for any debt consolidation situation. Prime Lending has excellent relationships with major lenders to ensure that our clients receive the best service and mortgage product for their own personal needs.

A popular misconception with debt consolidation is that a second mortgage must be added and the existing first mortgage must stay in position. Many people are also led to believe that there are always fees involved with a debt consolidation mortgage. This is not the case. Many second mortgages have much higher interest rates and some involve fees. Most mortgages can be arranged to accommodate payout penalties and legal fees as well, so there is no out of pocket cost to you. We believe in providing superior service to our clients by arranging better terms and rates free of charge!