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Debt consolidation through a cash-out refinance mortgage involves taking out a new loan to pay off other loans, such as student loans, auto loans, personal loans, medical bills, credit card balances, or other credit accounts.The interest rate on some of these other types of debt may be very high, so a cash-out refinance may alleviate some of that financial burden.

By providing low interest mortgage refinancing options, Debt Negotiators delivers the most affordable debt consolidation mortgages available.In fact, many people did that back before the mortgage crisis because lenders allowed homeowners to refinance and cash out as much as 110 percent of the value of their homes. β€œIn the mid-2000s, people used their house as a piggy bank.They were taking out home equity like it was nothing, and many of them got in to trouble,” says Scott Halliwell, certified financial planner with USAA, a Fortune 500 company serving the military and their families with insurance, banking, and investment products.Those events become the catalyst to fix their spending problem,” he says.The first thing he suggests they do is call their current lender and get an amortization table.One option that may be worth considering is to refinance your mortgage, consolidating your debts as you do so.

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