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| Consolidating Credit Card Debt |
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| There is nothing quite like that knot in the pit of your stomach as you walk to the mailbox knowing that it is that time of the month and it is full of bills. There are also few things as difficult as trying to decide what you will have to sacrifice this month to make ends meet. Situations like this happen to the very best of us at one time or another and the good news is that there is a way out. |
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| At Oleander Mortgage Company, Inc we understand how easy it is to become overwhelmed with credit card and other consumer debt. We also know what steps to take to put an end to it. Allow one of our professional mortgage consultants to compile a detailed mortgage analysis which we will use to determine which debt consolidation loan right for you. |
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| The reality is that if you are making minimum payments on credit cards, in a lot of cases, you can pay your house off before you will pay off that debt. With a debt consolidation loan you not only save potentially hundreds of dollars per month that interest can be tax deductible creating an added benefit for you and your family. |
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| The following are some frequently asked questions regarding debt consolidation. |
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| Question: I hear so much about 2nd mortgages and cash-out refinancing. How do I know which option is right for me? |
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| Answer: You obtain a comparative loan analysis from your Oleander mortgage consultant. With that analysis and the guidance of a professional you have the tools to make the right decision for you. |
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| Question: How do I know which debts to pay off on my own and which to include in my debt consolidation loan? |
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| Answer: You want to look at the payoff and the monthly payments. If you have a car loan that only has three payments left you probably would not want to refinance that debt in your new loan. On the other hand, If that car payment is $500-$750 dollars per month and you have to choose between it and the necessities, you may consider including it in your new loan. |
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| Oleander Mortgage Company understands today’s unforeseen use of the credit card and the burdensome obligations consumer debt can create. Get out of the debt and the guilt through a consultation with one of our finance specialists. Our consultations are free and without any obligation. Give us a call, contact us online, or by email. We can really help! |
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