As the sales professionals at Ascendant Marketing Group know all too well, if a homeowner can borrow against the equity they have built up over the years, they will be able to consolidate their high-interest debt into a loan at a low mortgage rate. That will save them a lot of money every month and even more going forward. For those considering consolidating their high interest debts into a second mortgage, or even refinancing their current mortgage to lower the interest on their debt, they should know the average homeowner gains thousands in home equity every year and they can borrow that money and use it to move their 19 percent credit card balance to a 3-4 percent mortgage loan. Even if the mortgage rate inches higher, it will almost always be lower than the rates on credit cards and even most auto loans.
A second mortgage is one way to consolidate debt and pay less every month, but there are other ways to do it. For instance, another instrument clients often find useful is a cash-out refinance. This is a refinance of an existing mortgage loan, in which the homeowner refinances a larger amount than the existing mortgage. When that happens, the homeowner can take the excess cash in a lump sum, which can be used for anything, including the consolidation of high interest debts, including credit cards, car loans, student loans or other high-interest unsecured debts.
Ascendant Marketing Group knows all this, and it is this knowledge that brings new customers to debt consolidation companies. They understand the many methods for refinancing, debt consolidation and other money matters, which is why they are such a success as a marketing group. They generate leads by identifying the best candidates for these types of services and helping financial services companies relieve the debt burden of many people.
A second mortgage is one way to consolidate debt and pay less every month, but there are other ways to do it. For instance, another instrument clients often find useful is a cash-out refinance. This is a refinance of an existing mortgage loan, in which the homeowner refinances a larger amount than the existing mortgage. When that happens, the homeowner can take the excess cash in a lump sum, which can be used for anything, including the consolidation of high interest debts, including credit cards, car loans, student loans or other high-interest unsecured debts.
Ascendant Marketing Group knows all this, and it is this knowledge that brings new customers to debt consolidation companies. They understand the many methods for refinancing, debt consolidation and other money matters, which is why they are such a success as a marketing group. They generate leads by identifying the best candidates for these types of services and helping financial services companies relieve the debt burden of many people.
