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You should choose a local, trusted and accredited credit counselling partner to help you find debt relief. At Credit Counselling Services of Atlantic Canada, we will work with you to find a solution that works.

Visit us at www.solveyourdebts.com

Considering debt consolidation? Here are five things you need to check to determine whether you should get a debt consolidation loan.

Check out Credible to easily compare loans:
https://bit.ly/consolidate-dfm

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?CHECK OUT THE HOW TO CONTROL YOUR SPENDING WORKBOOK
http://bit.ly/DFMworkbook

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? READY TO BUDGET?
Sign up for the Debt Free Millennials FREE budget toolkit: https://www.debtfreemillennials.com/toolkit

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? SIGN UP FOR BUDGET BOOTCAMP
https://www.debtfreemillennials.com/budget-bootcampl

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USE CODE WR367 TO RECEIVE FREE POINTS! https://fetchrewards.onelink.me/vvv3/referraltext?code=WR367

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Kyle’s favorite investing app: WEBULL
Sign up and get FREE stocks with WeBull: https://act.webull.com/te/yt2IdCaLHpVl/vks/inviteUs/main
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My favorite FREE car insurance quote comparison tool:
GABI® NOW EXPERIAN®, FOR AUTO INSURANCE
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? Site: https://www.debtfreemillennials.com

Music by: Lakey Inspired – https://soundcloud.com/LAKEYINSPIRED

Disclosure: Links contain affiliates. When you buy through one of my links, I will receive a commission. This is at no cost to you and helps support my channel!

What is a debt consolidation mortgage and how could it help you?

A debt consolidation mortgage is more commonly referred to as a cash-out refinance. This is where you pull out some equity in your home to pay off debt.

For example: let’s say your current home is worth $200,000 and you owe $100,000. Also, you have $20,000 in credit cards and other loans you want to consolidate into a lower interest debt.

If you did a cash-out refinance, you could get a check for $20,000 at closing and you would now owe $120,000 on your mortgage. Essentially, the debt gets absorbed into your mortgage.

So, why would you do a debt consolidation mortgage? This type of cash-out refinance helps you turn unsecured, high-interest debt (credit cards, auto loans, etc) and convert it into secured, low-interest debt.

A debt consolidation mortgage is a piece of the puzzle towards becoming debt-free in the future. It’s not a full solution to a debt problem, it’s simply a tool.

The big thing you have to keep in mind with this strategy is that it doesn’t just make the debt dissapear. The debt will still be there. But, instead of the debt being held at high interest (usually 15-25% by AmEx or Visa, etc) it will be help in your mortgage (usually around 3-5%).

But, is it smart to take short term debt and convert it to long term debt? Here’s what I mean… If you have $10,000 worth of debt in credit cards, that debt will get paid off in about 7 years. If you take that $10,000 and wrap it into your mortgage, it will get paid off in 30 years if you don’t intervene.

So, in that case it’s not smart to do that. But, it is smart if you continue making similar payments on debt. But, instead of paying the credit card company, you pay extra into the mortgage.

Again, a debt consolidation mortgage does not make debt disappear. It simply restructures the way you’re paying back debt and can help you avoid the massive interest charged on credit cards and other high interest, risky debt.

Hey, my name is Kyle and I’m a Mortgage Advisor serving Tennessee, Florida, and Ohio. My goal is to help you get a crystal-clear home loan that helps you win the house you love. If you’re ready to create your home-buying plan, you can reach through any of the ways below:

CALL/TEXT: 937-249-0481
EMAIL: kyleseagraves@hey.com
GET PRE-APPROVED: https://kyleseagraves.com

— Legal —

NMLS# 1701021
Motto Mortgage Alliance
937-249-0481
8900 N. Dixie Dr.
Dayton, OH 45414
Equal Housing Opportunity

Whether you need lower rates or flexible repayments, we gathered a list of debt consolidation lenders that may fit your budget and needs. Read more: https://www.finder.com/best-debt-consolidation-loans?utm_source=youtube&utm_medium=video&utm_campaign=fpl&utm_content=best&utm_term=guides

Millions of Americans use Finder to help them make better decisions. We can help you too. We understand that making everyday life decisions such as finding a credit card, buying a home and getting health insurance can be daunting. That’s why we’re here. Our goal is to help you navigate those complex decisions by making them less of a chore (and hopefully less of a bore, too!) Visit us at https://www.finder.com

#debtconsolidation #bestdebtconsolidationloans #debtconsolidationloan

Listen to Natalie and how she went from sleepless nights because of debt, to debt free.

When considering debt consolidation, you should think about how, and if, it will actually help you achieve your financial goals. Be cautious and know your options. Not everyone offering to help consolidate your bills are really providing you with a debt relief solution, as much as they are looking for customers.

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Read more about cautions before consolidation see: http://consumerrecoverynetwork.com/consolidating-credit-card-debt

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Michael Bovee started CRN in 2004 with a mission to provide people in need with detailed credit and debt help. The DebtBytes Channel is an extension of the CRN blog, and is dedicated to finding the debt relief option or strategy that works best for you.

In January 1865, President Abraham Lincoln approved Executive Order, Special Field Orders Number 15. It was an order carried out by the military to divide 400,000 acres of land or confiscated plantations into forty-acre parcels and give them to the heads of the former slave family. I am sure we have all heard of “40 acres and a mule.” In April of 1865, President Lincoln was assassinated (only three months later). Vice President Andrew Johnson was sworn in and did not honor that executive order. Special Field Orders Number 15 was reparations for the recently freed slaves America had held in servitude and subjugation for over 200 years. This book spells out the justification, the ability to pay, and an actual plan to execute reparations for the children of American slaves.

“Neutering the National Debt” is a refreshingly different perspective on deficits, the national debt, and economic growth. The author uses clear language and practical examples from our everyday lives to shed a surprising new light on these topics. For example, his “nuclear war brain teaser” quickly reveals the dangerous paradox built into the idea of a balanced budget amendment. And that’s just one example of the author’s frontal assault on conventional wisdom; these pages hold many additional surprises. His argument should jolt all of us into rethinking many topics we had thought were settled, such as: the Reagan-era deficits; the Clinton-era surpluses; the “debt ceiling”; the supposed wisdom of “paying down the debt”; what he calls “the fairy tale of trickle-down economics”; and other talking points high on both parties’ political agendas. He explains how the USA has neutralized the perceived problems of deficits and debt in the past, and how we could do it again. In the final chapter he bluntly suggests how the Republicans and the Democrats could adjust their respective agendas in order to neutralize the national debt and clear the path to prosperity, then he finishes with his estimate of each party’s chances of pulling it off. As CNBC’s Larry Kudlow said, Steve sheds a brand new light on this subject, and shows that economic growth solves debt. This book is a must read for anyone who wants a new perspective on these topics; it’s a welcome escape from the tired, worn-out talking points we’ve been hearing from both parties for too long.