Consolidating debt into a home loan
Based on our research and experience speaking with its representatives, this settlement company can reduce debt by up to 49 percent and has fees within the normal range of 15 to 20 percent.
The representatives we spoke to were quick to reply and thoroughly explained the entire program to our secret shoppers.
Regulations aside, it’s very important to make sure that refinancing helps you meet your financial goals.
Deciding if it makes sense to refinance your home depends on a number of factors: Does your current lender have a prepayment penalty? Are interest rates lower now than they were when you first got your home loan? Use our refinance calculator to see if refinancing your home can help you meet your goal.
You may want a more personalized approach, and for that we recommend New Era Debt Solutions.
This settlement company assigns each customer a dedicated account representative.
After a certain amount of time has passed – usually six months, but it depends on how much you owe and who you owe it to – the settlement company will begin negotiating with your creditors on your behalf.
Before entering a debt settlement program, you’ll want to weigh some of the drawbacks and advantages.
You have to stop making payments because companies only settle delinquent debt.For our most recent update we spent 80 hours researching the industry and reviewing individual companies.We spent another 20 hours interviewing these debt relief companies and conducting secret-shopper-style customer calls.Customers get quick responses to calls and emails, and company representatives undergo three months of training before taking calls.Once you join you’ll get access to a dashboard that lets you track the progress of your settlement, see how much you’ve deposited and access useful budgeting and financial tools.
Home equity is the appraised value of your home minus the amount you still owe on your loan.