Home Mortgage

California Home Mortgage Loan Rate Section


 

California Home Mortgage Loan Rate Navigation


|

Stress and Anxiety Guide Home Page
Tell A Friend about us
Refinance Home Mortgage Variable Interest Rate |
Home Mortgage Rates Refinance |
Home Mortgage Loan |
Us Bank Home Mortgage |
Mobile Home Mortgage Refinance |
Minnesota Current Home Mortgage Interest Rates |
Best Refinance Home Mortgage Rate Calculator |
Loan Calculators Home Mortgage Calculator |
Home Mortgage Uk |
Home Mortgage Rate Refinance |
Home Mortgage Loan |
Financing Home Mortgage Rate |
Refinance Home Mortgage Company |
Colorado Home Mortgage Loan Company |
Home Mortgage Interest Rates |

List of home-mortgage Articles
Sitemap



Social bookmarking
You like it? Share it!
socialize it


Main California Home Mortgage Loan Rate sponsors


 

Newest Best Sellers


 

Welcome to Home Mortgage

 

California Home Mortgage Loan Rate Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.


You may also listen to this article by using the following controls.

Planning To Become Debt Free With A Consolidation Loan

from: Roy Thomsitt




If you have multiple debts, and are struggling to meet the monthly payments, then there's a good chance you will want to consider, now or later, a consolidation loan to become debt free.

If you have already studied your monthly expenditure and can see no way to make savings, and find you have no way of earning extra money, then your next option may be a free debt consolidation loan.

By free, I mean no extra charges or arrangement fee for the consolidation loan; your chances of getting an interest free consolidation loan are just about zero, unless you have a rich relative or friend. Should you go down the debt consolidation route, try to avoid any loan arrangement which involves upfront fees, or any extra fees at all for that matter. Whether that is possible will depend on where you live, but in the UK, it is not difficult to get a free debt consolidation loan.

One benefit of a consolidation loan is that it does give you a chance to plan your finances in a way that could, if you're careful, make you debt free by the end of the period of the loan. By debt free, I will be realistic and mean "debt free apart from home mortgage", which most people have little option about, and mortgage debt can be worthwhile financially anyway.

Taking out a debt consolidation loan will not, of course, make you instantly debt free. However, it may be that such a loan will give you a chance to structure your finance plan over a 3, 5 or 7 year period. With the correct attitude and perseverance, this may be an excellent opportunity to improve your finances in the long term, resulting in being debt free by the end of the loan period.

The consolidation loan will reduce your monthly outgoings, thus giving you the opportunity to save. By getting into the saving habit instead of debt habit, you will be able to set aside money to pay cash for the things you need in the future; if you are determined and disciplined, even that next car purchase can be in cash, rather than an expensive loan. The result: you become debt free.

In the financial reality of a consumer, if you cannot to afford to pay cash for something, then you probably cannot really afford it at all. The one exception is the house, where the investment potential and rent saving change the financial aspect.

Can you imagine, waking up at the end of the consolidation loan term and finding yourself debt free? What a nice feeling!

About the Author

This debt consolidation article was written by Roy Thomsitt, the owner and author of http://www.eliminate-credit-card-debt-now.com/Consolidate_Debt.htm
Formerly a finance professional and credit controller, Roy is now a full time online author.








 

California Home Mortgage Loan Rate News