Among our many mortgage programs we offer at East West Mortgage, debt consolidation loans are one of the most popular. This special type of loan is best for those who suffer from bad credit and are in debt. A debt consolidation loan allows you to merge all of your existing loans into a single loan. Essentially this is called a “second loan” which is made out to pay off all your existing loans. Monthly payments will be lower than the total sum of your loans due to a lower mortgage rate provided by this second loan. A debt consolidation loan has a lower mortgage rate than other types of loans because your home is used as collateral In order to achieve a lower monthly interest rate. If you fail to repay the loan after the term, then your home will be repossessed by your home lender.
The Leading Home Loan Lender
East West Mortgage is a qualified mortgage company that has helped thousands of home buyers purchase their dream homes for over 20 years. We work with many mortgage bankers and brokers from all across the nation to ensure that you will be receiving the best service. We provide you with the lowest rates, favorable terms, and superb customer service!
Get Started Today!
Best of all, you may start finding your best mortgage at the comfort of your own home. Apply using our online mortgage application and receive up to four mortgage quotes, completely free! If you would like to speak with a mortgage professional, you can reach us toll-free at 1-800-880-4202. Work with the best mortgage company in the business, East West Mortgage!
