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 Posted: Sat Jul 15, 2006 7:41 pm Subject: condolidating debt |
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I was wondering of debt consolidation was right for me. I currently have a first, second and third mtg on my home. The second is a forgivable grant in which I have 2 1/2 years left on and the third mtg is to pay off a credit card. I am wanting to build an addition on to my home but dont really have the money and need it done fast. I was wondering if I should refinance or consolidate my debt. I woudl like to, if at all possible, not have to pay back that second mtg that is a grant and have all my payments in one. Is this what I need to do or can you help? Thanks!
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barbarakinser
Joined: 15 Jul 2006
Posts: 1
Debtcc Points: 29
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| Posted: Sun Jul 16, 2006 7:31 am Subject: |
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Hi Barbara,
Welcome to the site!! You came to the right place. Very soon a counselor will call you and help you out with those questions.
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
Moderator
Joined: 17 Feb 2006
Posts: 7021
Debtcc Points: 59875
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| Posted: Mon Jul 17, 2006 7:59 am Subject: |
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Pay priority to those bills that are getting the highest interest rates. Use a consolidation program that will help you in saving large amount of money in interests alone. Get all the latest statements so that the counselor can review them thoroughly and offer your repayment options.
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Justme
Debt Samaritan
Joined: 19 Jan 2005
Posts: 502
Debtcc Points: 8026
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