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Consolidation loans

Posted in: Consolidation Loans
By Taylor Mortgage Group

Consolidation Loans are often used to pay off credit card debt. Credit cards usually carry a much higher interest rate the even a unsecured bank loan.  The total interest and total cash flow paid towards the debt is lowered allowing the debt to be paid off sooner incurring less interest.

Consolidation loans simply combine a number of unsecured loans into a single secured loan against an asset.  You are able to make one monthly payment instead of several at a feasible lower interest rate and longer repayment time. Lenders can offer lower interest rates when there is secured collateral because it reduces the risk to the lender.


Debt consolidation simply combines a number of unsecured loans into a single secured loan against an asset that holds the value, i.e.,  a house. .

Eliminate wasted time in the purchase transaction.  A  pre-approval process can be helpful in structuring your final goal. An accurate credit report is a useful tool in assessing your lending options.  Verifying correct and up to date credit information helps us provide clients an option for debt consolidation in order to help them qualify for the price range they are interested in for their loan.  We are there to advise and assist with any challenges.

A pre-qualification can be handled by telephone. Taylor Mortgage Group will follow up the verbal pre-qualification with a secure email including a link to our loan application and credit report authorization form to be completed, signed, and returned securely.  Upon receipt of your application and credit report authorization, Taylor Mortgage Group will provide an official pre-approval letter as well as a  list of items that you will need to provide to Taylor Mortgage Group to submit to the investor. Taylor Mortgage Group is diligent in meeting our deadlines and commitments.

For additional information on your financing needs please feel free to call
Taylor Mortgage Group LLC at 303-339-5950 or Janie Taylor directly at 303-884-9393

   

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Taylor Mortgage Group, LLC

Phone
303-884-9393
Fax
 
720-306-3813

Click Here to Email Us


CO  License:  100013875
NMLS: 385946
Regulated by the Colorado Dept. of Regulatory Agency



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