Free Quote Bad Credit Loans Refinance Debt Consolidation Home Loans Contact Us

Debt Consolidation with Refinance Loans

Home Loan Magician offers refinance loans that benefit borrowers with lower payments from debt consolidation. Take five minutes out of your busy schedule and discuss the money saving possibilities that are available with debt consolidation home loans.

According to Tom Demko, mortgage banker from Secure Your, refinancing your home is much more than rates and terms these days. American homeowners want to consolidate their consumer debts with their mortgages in an effort to save more money."

Consolidate and Put More Money back in Your Piggy-Bank!

Benefits of Debt Consolidation when Refinancing:

  • Home Loans Are Available for Debt Consolidation
  • Bill Consolidation available for limited credit and low credit scores
  • Consolidate debt and enjoy new tax incentives
  • Paying off credit cards and unsecure loans can increase your credit scores significantly
  • Fix the interest rate for your mortgage while consolidating variable rate credit
  • Get cash out and consolidate personal debts with a second mortgage
  • Bad credit Consolidation is available with Sub-Prime and Hard Money
  • Debt Consolidation terms with fixed rates options from 10 to 40 years
  • Consolidate Debts with 1st or 2nd mortgage refinancing
  • Stable Interest Rates with tax deductibility for equity loans
  • There is no cash available for consolidating debt on the streamline refinance

People looking to extract equity from their homes have increasingly been turning to cash-out refinancing, market insiders report. A big reason that people are tapping their equity through refinancing comes down to dollars and cents, according to Amy Crews Cutts, deputy chief economist with Freddie Mac. Because home equity loans and lines of credit are most often tied to the prime rate, now at 8.25%, those options have incurred an increase in cost with the escalating interest rates.

Freddie Mac says 89% of the loans it owns that were refinanced in the third quarter of 2006 had amounts at least 5% higher than the original mortgage balances, the threshold for considering a loan a cash-out refinancing. It's the highest share of cash-out refinance loans reported since 1990. Consumers cashed out a total of $82.8 billion during the quarter, down somewhat from $90.6 billion in the second quarter, according to Freddie Mac.

While locking in better mortgage rates, many homeowners are using the opportunity to tap their home equity and consolidate their adjustable rate credit cards.


Hard Work Goes into Every Loan Approval!

Loan Options
Mortgage Refinance
Home Purchase
2nd Mortgage
Bad Credit Loans
Hard Money Loans
Credit Lines
FHA Home Loans
Stated Income
Non Conforming
Loan Glossary
Company Profile
Loan Calculators
Loan Application
Contact Us

Interesting Articles
No Money Down Home Loans
Best Ways to Use Home Equity
Sub-Prime Lending
Bill Consolidation Sets You Free



Hard Money Consolidation Loans

Loans Index

FHA Home Mortgage Lender

Jumbo Home Mortgage Loans

Sub Prime Home Equity Loan

Home Equity Loans

Debt Consolidation Refinance

Hard Money Refinance

Site Map

Home Loan Magician, 203 Washington St, Salem Massachusetts 01970
This is not a solicitation for a home loan or a commitment to make mortgages under any particular terms. Certain restrictions apply. Home loans are subject to final underwriting approval.