Debt settlement vs debt consolidation

Debt settlement VS Debt consolidation

Download URL | Author URL | Software URL | Buy Now ($0)

Many mortgage companies will tell you that a consolidation loan is a great idea to pay off debt. Here this option is examined in more detail and compared with the debt settlement option.
When you get a consolidation loan several things happen. First the equity in your home gets "cashed out" meaning the homeowner now owes that much more on their home than they did before. It is that much more than before because of closing costs and other fees that get rolled into the loan. The homeowner would typically have an additional debt to pay (second mortgage) or at least have a significantly higher monthly payment than he did before. This may be cost effective depending on what rates of interest were being changed on the debts and is being charged on the mortgage. If the numbers work really well then in some cases debt consolidation can be a good thing.

Related software (5)

Finance CHMOD Calculator

Finance CHMOD Calculator

Free download fina, credit, loans, investing, bankruptcy, personal finance, debt relief, credit cards, debt consolidation,currency trading, day trading, estate plan trusts, leases, ...

Credit CHMOD Calculator

Credit CHMOD Calculator

Free download finance, credit, loans, investing, bankruptcy, personal finance, debt relief, credit card, debt consolidation,currency trading, trading, estate plan trusts, leases, l ...

Currency Trading CHMOD Calculator

Currency Trading CHMOD Calculator

Free download finance, credit, loans, investing, bankruptcy, personal finance, debt relief, credit card, debt consolidation,currency trading, trading, estate plan trusts, leases, l ...

Day Trading CHMOD Calculator

Day Trading CHMOD Calculator

Free download finance, credit, loans, investing, bankruptcy, personal finance, debt relief, credit card, debt consolidation,currency trading, trading, estate plan trusts, leases, l ...

debt-free-classified-ads

debt-free-classified-ads

Profitable Classified Ad Creation PLUS...Generate Classifieds Quick-As-A-Whip Well if you've ever wished for better advertising copy and need a Cheap way to obtain it, then you'll ...

RSS Feed | submit pad file