As implied by the name itself, debt consolidation involves taking a loan from one financial institution to repay debts from all other creditors. The result would be a single outstanding mortgage loan with one financial institution that you will pay month after month until it is paid off.
What makes debt consolidation beneficial is the fact that you only have to worry about paying off one loan versus multiple outstanding debts from a number of creditors. You will be able to save money in interest and reduce stress levels as you pay off your debt.
If you have problems with your credit card purchases that have already accumulated and the interest rates are quite high, we can help you with a mortgage loan arrangement at Mortgage Emporium. Generally, we assist clients by settling existing loans and by granting mortgage loans sufficient enough to pay off all existing debts that are currently due. We can save you from all the headaches caused by multiple loans and the end result will be a single mortgage loan with us, plus the low interest rate advantage.