Debt Consolidation Loans
Once you’ve found yourself in debt it may feel like a downward spiral from which you don’t know how you’ll regain your footing. It’s hard enough to find simple answers and may seem impossible when the collection agencies constantly call your house and threaten the security of you and your family.
Ultimately your decision to choose debt consolidation loans, a debt management program, or a consumer credit counseling program to consolidate credit card debt, should be based on your own personal financial situation.
The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period is known as a debt consolidation loan.
Debt Consolidation can:
• Help avoid filing bankruptcy
• Eliminate creditor harassment
• Lower debt payments up to 50%
• Provide one monthly payment
The most important benefit of debt consolidation is that it can offer a fresh start on the road to more healthy personal finances.
Refinancing your home
We understand that every client’s reason for refinancing their home is different than the next. We also know that you may be a very different type of borrower than you were when you purchased your property or last refinanced it. For this reason, we help you evaluate your refinancing needs to ensure that you are getting the loan that provides the best value for you. Let’s get started.
Here are just a few of the many reasons why a homeowner might decide to refinance:
• Pay off high interest rate credit cards and/or consolidate debt
• Send a child to college
• Take a long-awaited vacation
• Start a business
• Do home improvements
• Lower the monthly mortgage payment
• We also offer home equity loans and home equity lines of credit.
Home Equity Loans and Lines of Credit
If you have equity in your home, you could use that equity to your advantage and tap into a resource for cash.
In most cases, Home Equity loans (or second mortgages) are tax deductible and have very competitive interest rates. Home equity loans come in various types, including “125% Equity” and “No- Equity” home equity loans. Many financial pro’s agree that using your home’s equity to your advantage is the smartest way to go. Remember, you can’t deduct interest on personal loans, credit cards, and auto loans. You can use your Home Equity loans for any purpose.
Many of our customers have used Home Equity loans for:
• Bill Consolidation
• Home Improvements
• College Tuition
• Purchase a new auto or boat
• Lake Properties
• Business start-up Capital
• Family Emergencies
Purchase Mortgage Loans
Whether you are a first-time home buyer or an owner of multiple properties, choosing the proper loan program that best fits your needs is a big decision. Below is a general “Rule of Thumb” to use when deciding which Summit Mortgage Wisconsin loan program suits your needs. Let’s get started.
Which loan is right for you?
There are many things to take into consideration when choosing a home loan:
• How long you intend to keep the home you are planning to buy?
• Do you plan to live in the home?
• What’s the best way for you to qualify for the home loan based on your situation?
• What are your financial goals for your future?
Use the information located here to help you determine which loan program might be the best for your situation, and then apply now. A Wisconsin mortgage loan specialist will contact you, examine your loan needs more fully, and assist you in choosing a loan program that fits.