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By consolidating high interest debt, you can save significant money
every month. Unlike credit cards and installment loans, the interest
on an equity-based loan may be 100% tax deductible, saving you even
more (contact your tax advisor regarding the specifics of tax deductibility).
Below is just one example of how much you could save. Depending
on your situation, you may be able to save even more!
Look
At A Typical Savings Example |
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Current Monthly Payments |
New Payments |
| Bankcards |
$320.00 |
| Dept. Store Cards |
$165.00 |
| Car Payment |
$375.00 |
| New Mortgage |
- |
$337.76 |
| Total |
$860.00 |
$337.76 |
Please note the following : *The example shown is for comparison
only, based on a $35,000 second mortgage loan, with an APR of 10%
and a 20-year term. The actual loan amount, rate and term may vary
depending on the type of loan and your individual circumstances.
Certain terms, conditions and restrictions may apply.
Example based on an APR up to 18% for all credit cards and consumer
debt. Assumes a 2.7% minimum payment requirement on open ended credit
card debt.
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