WHICH LOAN IS RIGHT FOR YOU?
Refinance | Second
Mortgages | Home
Improvement
Debt Consolidation | Paying
for College
Either an equity second or over-equity second can be used
for debt consolidation purposes. Debt consolidation loans
can be used to consolidate most any type of debt ranging
from credit cards, school loans, and personal loans. When
applying for an over-equity second for these purposes the
lender will normally require direct payment to the debtor.
Using a second mortgage for debt consolidation allows you
to combine all amounts into one loan, with one more affordable
payment.
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