Is debt consolidation a good idea? [Reasons to Refinance Part 2]

Firstly, what is debt consolidation?

Debt consolidation is basically the act of combining your current debt obligations (such as credit cards and personal loans) into a single payment, either through one comprehensive debt consolidation loan or an increase in your home mortgage to clear out existing debts.

So, when is debt consolidation a good idea?

Consolidating your debt may be an excellent option to save money and reduce what you owe rapidly, provided that the interest rate on the new loan is lower than those of your existing debts. Yet, it’s essential to make sure that when considering overall fees, charges and interest rates combined together, this solution is more cost-effective than any other options out there.

Watch full video to see what are Good Reasons to Refinance your Home Loan — https://youtu.be/3lBxSSE2naE

Visit our YT channel for more videos on economy, personal finance and home loans! – https://www.youtube.com/@willbellmortgagebroker

WILL BELL MORTGAGE BROKER
Suite 1, 13-15 Thompson St., Frankston, VIC 3199
0448 111 046
wbell@belllendingservices.com.au

?Is it ever a good idea to refinance?
?What are the benefits and risks of refinancing?
?What are the risks of refinancing?
?What will happen if I refinance my house?
?What are the reasons not to refinance your home?
?Is debt consolidation a good idea?
?What are the pros and cons of debt consolidation?

#refinancing #refinance #homeloans #debtconsolidation #consolidatingdebt #mortgagebroker #mortgageprofessional #MortgageBrokerFrankston #MortgageBrokerMelbourne

Dental hygienist Liz and truck driver Will are engaged in a destructive spending game. Control freak Liz handles all the finances while keeping Will on a tight leash, yet still spends a lavish amount on clothes for herself, their baby and their dog. In retaliation, Will takes out costly cash advances. They’ve refinanced their home several times to hide debt in their mortgage to the point they now owe more than the house is worth. Getting this couple back on track means reigning in the spending, finding ways to re-build equity in their home and getting rid of the resentment between them. Gail finds way to get them fighting their debt rather than each other. –
–
Watch more from Weddings and Beyond – https://youtube.com/c/WeddingsAndBeyondTV/videos

Explore our family of YouTube channels with Free movies, tv series and documentaries.
? TOP BOX is where you’ll find an eclectic mix of mind-bending documentaries, cult classic films and investigative television documentaries. https://youtube.com/topboxtv
?? I Love Docs for documentaries: https://youtube.com/ILOVEDOCS
?? North of Main for Independent movies: https://youtube.com/NORTHOFMAIN

#weddings #gettingmarried #realitytv

Debt Consolidation Cash-Out Refinance Mortgage Guidelines

Home values have appreciated tremendously in the past few years.

Many homeowners have seen their homes appreciate double-digit year after year
The Federal Housing Finance Agency (FHFA) has increased conventional loan limits to $484,350 for 2019
This was the third increase in conforming loan limits in the past three years
High-Balance Conforming Loan Limits increased to $726,525 in high-conforming areas
High-balance VA Loan Limits follows high balance conforming loan limits and also increased to $726,525
HUD has increased FHA Loan Limits to $314,827 due to increased home prices

Read more https://gustancho.com/debt-consolidation-cash-out-refinance

Refinance the Mortgage or Pay Down Debt?
Get life-changing financial advice anytime, anywhere. Subscribe today: https://www.youtube.com/c/TheDaveRamseyShow?sub_confirmation=1

Start your free trial of Ramsey+ NOW: https://bit.ly/2Nsof9n

Get a FREE custom money plan in three minutes!
http://bit.ly/2NVeHF8

Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj

Ramsey Network (Subscribe Now!)
• The Dave Ramsey Show (Highlights): https://www.youtube.com/c/TheDaveRamseyShow?sub_confirmation=1
• The Dave Ramsey Show (Live): https://www.youtube.com/thedaveramseyshowlive?sub_confirmation=1
• The Chris Hogan Show: https://www.youtube.com/user/ChrisHogan360?sub_confirmation=1
• The Rachel Cruze Show: https://www.youtube.com/user/RachelCruze?sub_confirmation=1
• The Ken Coleman Show: https://www.youtube.com/c/TheKenColemanShow?sub_confirmation=1
• Christy Wright: https://www.youtube.com/c/ChristyWright?sub_confirmation=1
• Anthony ONeal: https://www.youtube.com/user/aonealministries?sub_confirmation=1
• John Delony: https://www.youtube.com/c/JohnDelony?sub_confirmation=1
• EntreLeadership: https://www.youtube.com/c/entreleadership?sub_confirmation=1

Welcome to The Dave Ramsey Show like you’ve never seen it before. On this channel, you will find all of the greatest highlights from The Dave Ramsey Show! The show also live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from our Ramsey Personalities —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!