80/20 loans are also described as combination financing or piggyback loans and offer a convenient way to provide creative financing in a purchase, refinance, home improvement, or debt consolidation transaction.
Get Fixed Rate Assistance from the 80-20 Mortgages: Debt Consolidation Loans with Home Refinancing to 100% is Now Available:
The 80-20 mortgage refinance is a popular loan for homeowners who want to use all the equity in their home and not have to pay mortgage insurance either. The 80-20 mortgage allows 100% refinancing for debt consolidation and the second mortgage involved enables you to requirement of paying PMI mortgage insurance. The 80-20 mortgage is an effective refinance solution for reducing your monthly payments to realize more monthly savings.
Debt Consolidation Plus provides secure 80-20 consolidation loans with terms that range from 15 to 40 years. DCP works with lenders that specialize in debt reduction mortgages and debt consolidation loans and second mortgages in all 50 states. Pay off your bills with a 2nd home mortgage and you could reduce your monthly payments by hundreds of dollars each month.
Consolidation loans are designed to help people pay off bills and pay down debt. Banks, credit unions, fina companies and other lenders grant consolidation loans so that people can pay off a car, credit cards, medical expenses, student loans or whatever outstanding debt a consumer owes.
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Consolidation loans are usually beneficial, because the interest fees for a consolidation loan are often less than the cumulated finance charges of other debts. When people consolidate their bills through a loan, they also have only one loan payment to make each month rather than numerous smaller payments to various creditors.