Debt Consolidation
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Arizona Mortgage Company debt consolidation mortgage lenders and brokers. Our professional staff of mortgage loan lenders and brokers can help you consolidate your debt and get rid of unnecessary high interest payments. Whether you are looking to pay off your high interest rate revolving debt, unsecured notes, or high interest consumer loans, our staff of professional mortgage lenders and brokers will provide you with the necessary tools and information to help you consolidate your debt and lower your monthly payment. Our Arizona mortgage brokers are available in Phoenix, Scottsdale, Tempe, Mesa, Chandler, Glendale, Gilbert, and other valley cities.
Debt consolidation mortgage lender and broker contact form
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The best use for a debt consolidation loan is to pay off any higher-rate loans you may have. Let's say that you are carrying a $15,000 car loan for 48 months at 10% and making amortized payments over 48 months on a $10,000 credit-card balance at 17%. Your monthly payments on those debts would total $668. Then assume you refinanced your mortgage, taking out an additional $25,000 to pay off your car and credit-card loans. Result: At 7.5%, your additional monthly mortgage payment would total only $175, so you would come out $505 ahead ($668-$175=$493).
In a debt consolidation loan, you may get extra cash in addition to what is needed to pay off high interest rate debt. This extra money can be used at your own discretion for investment, home improvement, or even as vacation money!
Contact our lenders and brokers for a free debt consolidation analysis. Our professional staff of lenders and brokers can help you with debt consolidation all over the valley, including Phoenix, Scottsdale, Tempe, Mesa, Chandler, Glendale, Gilbert, and more.
