Debt Consolidation Loan
Mortgage and Refinance Solutions for Debt Consolidation
5280Lend.com works with Denver area clients to consolidate debt into a new or refinanced mortgage. Our expert team has the knowledge and experience to guide your mortgage refinance process.
As a Colorado mortgage lender, we’ll thoroughly analyze your situation to determine the best path forward to fit your financial needs. We offer personalized service for homeowners in Colorado and the Denver Metro area.
Contact us to schedule a FREE mortgage assessment.
What Is A Debt Consolidation Loan?
A debt consolidation loan uses the equity in your home as collateral for increasing your mortgage amount to pay off credit cards, medical bills, second mortgages, tax debt, car loans, or any other debt obligations. Debt consolidation allows borrowers to repay multiple creditors with one new loan. We work to secure a loan with lower interest rates than the separate debt items.
Debt consolidation as part of a mortgage may also extend the repayment period and lower the monthly payment amount. Debt consolidation loans open the door to financial freedom by reducing interest expense and improving cash flow.
5280Lend.com works with homeowners to determine if refinancing with debt consolidation will provide a positive financial solution.
How Debt Consolidation Mortgages Work
A debt consolidation loan starts by applying for a mortgage just the same as if you were buying a home. During this application phase, we will take a comprehensive look at all the financial factors that you are dealing with and help you make a determination about the best way to restructure your situation.
Debt consolidation loans are considered a cash-out refinance. The only difference is that the cash out is used to pay off the other loans/debts at closing instead of paying out cash to the borrowers.
Borrowers can pay off outstanding debts with favorable loan terms, benefiting their budget and improving monthly cash flow.
Our team can work with you to determine whether a debt consolidation loan fits your financial goals. Contact us today to schedule a consultation.
Advantages of Debt Consolidation Loans
Don’t let debt rule your life. A debt consolidation loan simplifies your debt into one simple payment at more favorable terms. Find the financial freedom you dream of with help from 5280Lend.com.
Why Work with a Mortgage Bank for A Debt Consolidation Loan?
Debt consolidation loans can become complicated. You want to ensure you are receiving the best financial solution.
When you work with a mortgage bank, you connect with industry experts specializing in home lending. You can avoid the stress associated with online lenders or commercial banks.
At 5280Lend.com, we only work on home mortgages in Colorado. Our team understands the requirements and processes involved to ensure accuracy and efficiency. Plus, we only work with a set number of clients each month to give you personalized and consistent service.
Start today with a FREE mortgage assessment.