Take control of your finances with a debt consolidation loan from Embrace. A debt consolidation loan uses the equity in your home to pay off high interest credit cards, car loans, medical bills and other debt. Embrace can help you roll everything up into one convenient, low monthly payment. And unlike other loans, the interest that you pay on your mortgage is typically tax deductible so you can save even more.
You can combine your outstanding credit card debt and other loan balances into one low rate debt consolidation mortgage.
Debt consolidation mortgages are popular because they typically offer much lower interest rates than credit cards and other loans. Right now, mortgage rates are in the 4's. Credit card loans are 15-18% on average. Lower interest rates can lead to lower monthly payments, and the money you save can be used for paying down debt faster, investing, or saving. Essentially, you’re combining various forms of debt into one new low monthly payment. This can help when managing household budgets. And don’t forget, the interest you pay on your home mortgage is usually tax deductible, leading to more savings. Learn how to build and manage your household budget.
Our mortgage specialists will guide you through every step of the refinancing and mortgage application process - from identifying what type of mortgage is right for you to understanding how your credit score can affect your interest rates.
For over 30 years, Embrace has helped people refinance existing mortgages and consolidate high-interest debt.
Call 800-620-6292 to speak with one of our expert Loan Officers and find out how a debt consolidation loan can help you take control of your finances. Or fill out our get a quote form and one of our specialists will contact you.
"Ralph was there for me through this whole process and helped me to finally get a handle on my debt problem with a debt consolidation loan through embrace. He walked me through each step and answered all of my questions and concerns. I felt at ease knowing he was taking care of things. Thanks again!"