Is a Debt Consolidation Mortgage Right for Me?

GMFS Mortgage debt consolidation program is designed to simplify your finance by combining all of your debts into one manageable monthly payment with a lower interest rate and a clear path to becoming debt-free.

Whether you’re looking to pay off credit card debt, car loans, or other high-interest loans, we can help!

1 – What’s Your Total Annual Interest on Each Debt?
Find this total by calculating the annual interest expense on each of your debts. Interest rate x loan balance = annual interest expense. Next, add up your annual interest expenses on your debts. This total number is how much you are paying annually in simple interest.

2 – What will be My Interest Rate before and after the Debt Consolidation?
Your blended interest rate is the combined weighted average interest rate paid on all of your debts. Divide the total interest on your debts by the total loan balances. This will give you a blended interest rate.

3 – What can You do with Extra Monthly Cash Flow?
Make home improvements (pool, renovations, etc.), pay tuition, or use your monthly savings to pay extra on your principal each month to pay off your mortgage faster and potentially save even more!

Get Pre-Qualified Today!

 

Note: By refinancing your existing loan, your total finance charges may be higher over the life of the loan. Always consult with a tax advisor concerning tax implications of your mortgage. Not a commitment to lend. All loans subject to credit and property approval.