What Is Debt Consolidation

Debt Consolidation loans allow California homeowners an opportunity to consolidate their debts into one manageable loan.  While most accumulated debts credit cards, small loans, etc. have compounded interest, our debt consolidation loans are simple interest loans amortized over a longer period of time.   The feature of our debt consolidation loans of most interest is the fact that the interest paid on the new loan may be tax deductible (consult your tax advisor for accurate, current information).  The process for obtaining a debt consolidation loan is quick and easy; and it won’t effect your current mortgage or your first mortgage payment.  The debt consolidation loan is a brand new loan- also referred to as a second mortgage loan.   A loan consultant will be able to assist you in determining what type of debt consolidation loan may work best for you and your unique situation.