Consolidating 2 mortgages
Home equity is the value of your home, minus any money still owing against it.For example, if your home is worth 0,000 with a 0,000 first mortgage, then your home equity is ,000, which would be the amount available for a second mortgage.You may also have a number of credit cards or high interest loans that we may be able to consolidate into a secured or unsecured personal loan with a bank or credit union at a lower interest rate than you are currently paying.This new loan may also reduce your payments, which may give you the opportunity to begin saving up for a down payment on a home of your own.
: If your home value is 0,000 and your current mortgage balance is 5,000 then your homes equity is 5,000.Are you searching for the best way to consolidate your debt into one low monthly payment? We can submit your mortgage application to all Lenders with one application form... I will present you with all of your options and recommend the one that makes the most sense to me based on the information you have provided but it will be YOU who decides which one fits your current needs. I am ready to help you with: You get my best rate from the start!! Here is an example of what I can do for you: Once you follow my easy 3-STEP program I can provide you with financing options for you to choose from.If you have a payment option loan that recently re-casted and have low credit scores, consider refinancing with Bridge Mortgages who recently introduced the refinance program for borrowers who are struggling with less than perfect credit.Check with our 2nd mortgage lenders for current pricing and product updates.