Debt Consolidation: Simple Interest Savings
Another way that Creative Mortgage Solutions can help reduce Tampa Bay resident's overall debt, especially credit card debt, is with the help of a home equity loan. A Tampa Bay home equity loan is a fully amortized, simple interest, fixed rate second mortgage. There is no change in the terms, or the payment of your existing first mortgage. You will pay less on a simple interest loan, when compared to credit cards that charge a variable rate with daily compounded interest. It is estimated that over a long term, you could pay up to ten times more on credit cards with compound interest than you would on a fixed rate, simple interest loan. Tampa Bay residents, let us help you reduce your debt today; contact our Creative Mortgage Solutions office at 813.888.9253.
Reduce your payments! -Consolidate your Debt
Unpaid or slowly paid debts can have a detrimental effect on your credit rating and therefore your ability to obtain a home loan in Tampa Bay. In some cases our mortgage specialists at Creative Mortgage Solutions recommend that borrowers consolidate or completely pay off their debt prior to applying for a Tampa Bay mortgage. Debt consolidation will lower your monthly payments and can simultaneously increase your credit rating. If you are able to pay off your debt without the assistance of consolidation, this is another great way to improve your chances of being approved for a Tampa Bay home loan. Refinancing your original Tampa Bay mortgage or obtaining a new home equity loan in Tampa Bay may also be a financially practical way to relieve the burden of high monthly payments. It is important to research all options with your Tampa Bay mortgage broker at Creative Mortgage Solutions, (813) 888-9253.
Tampa Bay Real Estate Information
At Creative Mortgage Solutions we offer real estate information in Tampa Bay and many nearby cities. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 813.888.9253.
