Debt Consolidation Loans
CMI has a number of debt consolidation programs that allow you to use your home equity for credit repair.
Second Mortgage
Perfect for a secured debt consolidation,
credit repair and renovations
and business loans!
Circumstances beyond your control can often lead to the accumulation of debt. A loss or reduction of employment, an illness, or a change in family situation can have a sudden and negative impact on your finances. Once you get into debt, it can be very difficult to find your way out.
Benefits of Debt Consolidation
- You’ll be paying more principal and less interest, so you can consolidate your debts faster.
- Lowering your monthly payments leads to an immediate improvement in your finances and a renewed sense of confidence in your future.
- Instead of paying several creditors, you will be responsible for only one payment each month.
- No more phone calls from collection agencies.
- Less stress from knowing that you have your financial situation under control.
How The Programs Work
Our certified mortgage brokers are highly trained in the area of credit repair and debt consolidation. We specialize in helping people in debt secure home financing. We also offer a number of home equity products that can help people control and clear their debts.
We begin with a consultation and analysis of your current financial circumstances. We then evaluate the various home equity options available to you and customize a plan that helps you lower the interest you are paying on the money you have borrowed.
When planning your solution we look carefully at your individual situation. We select a borrowing option that factors in your income and ability to pay.
The debt consolidation plan leverages the equity in your home. Using a home equity loan you will pay off your current debts. You will then be left with one low-interest monthly payment for that loan.
The bottom line? You can lower your monthly payments while still paying down your debts.
CMI Debt Consolidation Management Options
Fully accredited CMI mortgage brokers have extensive experience in converting home equity into cash for use in credit repair. We offer a number of home equity loan vehicles:
- Home equity loan between 75% and 90% loan to value (LTV)
- Home equity line of credit between 75% and 90% LTV
- Second mortgages between 75% and 90% LTV
- Mortgage refinancing at up to 90% LTV
Get Back on Track with CMI’s Credit Repair Strategies
Have you fallen behind after a layoff? Is the interest on your loans so high that your payments cannot reduce your overall debt? Are creditors calling you? Do you think bankruptcy is your only way out?
CMI’s credit repair strategies can help people in these difficult situations. Being in debt is stressful and leaves many people feeling hopeless. You can reduce your stress and restore your hope. Contact us today to talk about bad credit debt consolidation.
