Debt Consolidation Loans

Debt consolidation loans can be used for any purpose. Pay off High Interest Credit Cards Home Improvements Tuition Vacations Luxury Items And anything else!

Benefits Of Debt Consolidation

1. Reduce Debts and Lower Your Monthly Payments
2. Example of Benefits
3. Start Saving ...Apply Online!
4. Mortgage Payment Calculator
   

Reduce Debts and Lower Your Monthly Payments

A Debt Consolidation mortgage has been a means by which hundreds of thousands of homeowners have been able to use their home values to save money. By taking out a debt consolidation mortgage (2nd mortgage) a borrower is able to combine the balances of current bills and debts into one loan... and one payment. PMLC can offer borrowers the ability to borrow up to 125% of the value of their current property.

The money from a debt consolidation mortgage can be used for any purpose- including but not limited to:

• Paying off High Interest Credit Cards
• Home Improvements
• Tuition
• Vacations
• Luxury Items
• And anything else!

Generally speaking, with a debt consolidation mortgage monthly payments are reduced and cash flow is increased. Further, since the interest paid on a debt consolidation mortgage is that of a home loan, the interest may be tax deductible.*

Example of Benefits

Bills	Balance	Payments	Debt Consolidation Mortgage
Credit Card #1	$5850.	$135.00	-0-
Credit Card #2	$5,300.	$157.50	-0-
Credit Card #3	$5,060.	$249.00	-0-
Credit Card #4	$5,200.	$262.50	-0-
Credit Card #5	$2,600.	$87.00	-0-
Credit Union	$1,790.	$83.00	-0-
Car Payment	$10,090.	$262.50	-0-
TOTAL	$35,890	$1,236.50	$481.20

Based on a $43,000 loan over 25 years at 13% APR 15.934

On this example, there's a savings of $755.30 per month!!!

* Consult your tax advisor for details.