REDUCE DEBT AND STRESS.
Take control of your finances with a debt consolidation loan from iCore Lending Inc. A debt consolidation loan uses the equity in your home to pay off high interest credit cards, car loans, medical bills and other debt. American Freedom funding 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.
What does it mean to consolidate my debt?
You can combine your outstanding credit card debt and other loan balances into one low rate debt consolidation mortgage.
What are the benefits of refinancing for debt consolidation?
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.