Mortgage rates are still at all time lows here in California, making it a great time to look into a debt consolidation loan. A debt consolidation loan can drastically reduce your total monthly payments, eliminating credit card, auto and other revolving debt. Just look at the example below.
|Credit Card Debt
|California Student Loan
|Current California Mortgage
Total monthly payments before our debt consolidation loan = $2450/month
Total monthly payments after our debt consolidation loan ranging from $682 up to $1618 per month.
Not only will this debt consolidation loan get rid of your revolving debt, but it can also allow you to take additional cash out, for any reason.