Debt Consolidation

Financial Freedom

Debt consolidation can be a strategic financial move for clients looking to secure a mortgage or refinance their existing home loan. By consolidating multiple debts into a single, more manageable payment, individuals may improve their debt-to-income ratio, a key factor in mortgage eligibility and interest rate determination. This financial strategy not only simplifies the client's financial situation but also positions them more favorably for a mortgage application. Additionally, if the debt consolidation results in a lower overall interest rate, it can lead to potential cost savings for the borrower.