Imagine your debts are like multiple streams draining your money each month. Sounds stressful, right?
📊 Typical Situation:
• Credit Card #1: $10,000 (19.99% APR)
• Credit Card #2: $8,000 (21.99% APR)
• Car Loan: $20,000 (7.99% APR)
• Line of Credit: $15,000 (8.99% APR)
💸 Current Monthly Payments:
• Card #1: $300/month
• Card #2: $240/month
• Car: $410/month
• Line of Credit: $450/month
Total: $1400/month
🎯 What is Consolidation?
Think of it as gathering all these "streams" into one manageable river. We take all your debts and combine them into ONE loan with a LOWER interest rate.
✨ How it Works Through Your Mortgage:
1. We tap into your home equity
2. Pay off all high-interest debts
3. Add this amount to your mortgage
4. Results: ONE payment instead of many
📈 The Outcome:
• Before: $1,400/month in various payments
• After: $275/month in one mortgage payment
• Monthly Savings: $1,125!
💡 Additional Benefits:
• Much lower interest rate
• One simple payment to manage
• Improved credit score
• Less stress and anxiety
• Clear debt repayment plan
🤔 Who's a Good Fit for Consolidation?
• Homeowners with equity
• People juggling multiple high-interest debts
• Those wanting simpler debt management
• Anyone looking to reduce monthly payments
📱 Let's Look at the Numbers:
For example, with a total debt of $53,000:
• Credit cards: $30,000 (19.99% APR)
• Line of Credit: $13,000 (8.99% APR)
• Car loan: $10,000 (7.99% APR)
Monthly payments before consolidation: $1,490
After consolidating into a mortgage at 4.64%: $275
Your monthly savings: $1,215
Yearly savings: $14,580!
Think about what you could do with those savings:
• Build an emergency fund
• Start investing
• Save for your children's education
• Finally take that vacation
• Renovate your home
❓ Common Questions:
"Will this hurt my credit score?"
Actually, it often improves your score by showing lower credit utilization!
"Is my debt too small to consolidate?"
If you have at least $10,000 in high-interest debt, consolidation could make sense.
Want to discover how much you could save through consolidation?
Book Your Complimentary Consultation
with IK Financial Today !
P.S. The sooner you start, the more you'll save on interest. Let's talk about your options!
IK Financial Mortgage Team operates on behalf of Mortgage Edge. Lic#10680
Follow Us on Social Media:
Instagram
Facebook
LinkedIn
📊 Typical Situation:
• Credit Card #1: $10,000 (19.99% APR)
• Credit Card #2: $8,000 (21.99% APR)
• Car Loan: $20,000 (7.99% APR)
• Line of Credit: $15,000 (8.99% APR)
💸 Current Monthly Payments:
• Card #1: $300/month
• Card #2: $240/month
• Car: $410/month
• Line of Credit: $450/month
Total: $1400/month
🎯 What is Consolidation?
Think of it as gathering all these "streams" into one manageable river. We take all your debts and combine them into ONE loan with a LOWER interest rate.
✨ How it Works Through Your Mortgage:
1. We tap into your home equity
2. Pay off all high-interest debts
3. Add this amount to your mortgage
4. Results: ONE payment instead of many
📈 The Outcome:
• Before: $1,400/month in various payments
• After: $275/month in one mortgage payment
• Monthly Savings: $1,125!
💡 Additional Benefits:
• Much lower interest rate
• One simple payment to manage
• Improved credit score
• Less stress and anxiety
• Clear debt repayment plan
🤔 Who's a Good Fit for Consolidation?
• Homeowners with equity
• People juggling multiple high-interest debts
• Those wanting simpler debt management
• Anyone looking to reduce monthly payments
📱 Let's Look at the Numbers:
For example, with a total debt of $53,000:
• Credit cards: $30,000 (19.99% APR)
• Line of Credit: $13,000 (8.99% APR)
• Car loan: $10,000 (7.99% APR)
Monthly payments before consolidation: $1,490
After consolidating into a mortgage at 4.64%: $275
Your monthly savings: $1,215
Yearly savings: $14,580!
Think about what you could do with those savings:
• Build an emergency fund
• Start investing
• Save for your children's education
• Finally take that vacation
• Renovate your home
❓ Common Questions:
"Will this hurt my credit score?"
Actually, it often improves your score by showing lower credit utilization!
"Is my debt too small to consolidate?"
If you have at least $10,000 in high-interest debt, consolidation could make sense.
Want to discover how much you could save through consolidation?
Book Your Complimentary Consultation
with IK Financial Today !
P.S. The sooner you start, the more you'll save on interest. Let's talk about your options!
IK Financial Mortgage Team operates on behalf of Mortgage Edge. Lic#10680
Follow Us on Social Media:
