2007-02-24 02:35:00 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
We are in the process of consolidating and we just went to the bank and had them do it. Made it so we have lower interest, lower payments and had it locked in so they can't raise the interest.
2007-02-24 02:41:08 · answer #1 · answered by ruth4526 7 · 0⤊ 0⤋
Best way to consolidate would be to refinance your home and ge cash back. You can only do this if you have enough equity in your home. There will be closing costs again which is expensive. I don't think you really need to consolidate unless you will be getting a much lower interest rate, otherwise it really makes no sense.
2007-02-24 02:41:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Best way to consolidate both.If you can get the lower payments combining the two what you are paying now,it's great!Besides there are tax benefits also.I am a loan consultant if you want to know more drop me a line;
setuup4@yahoo.com
2007-02-24 04:16:45 · answer #3 · answered by Prakash P 2 · 0⤊ 0⤋
the best way to go is to refinance your mortgage. I am not so sure about what you mean by a secured loan because a mortgage is also a secured loan.
2007-02-26 09:42:33 · answer #4 · answered by Reimar M 1 · 0⤊ 0⤋
Refinance your house for the total amount of your outstanding debt plus the loan. You can comparison-shop at the below website
2007-02-24 05:31:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋