Consolidating Debt
Credit card companies want you to only pay the minimum. By only making minimum payments your balance is never reduced. For example, only making minimum payments on a 5000 limit – it would take 28 years before it is paid off. By using debt consolidation – Fountain City Finance can eliminate your debt and pay off the loans. The interest may be tax deductible.
Convert your 18% revolving interest credit card debt to a low fixed rate simple interest loan and potentially save several hundred dollars a month.
For example, we refinanced a customers $90,000 in revolving debt onto a 30-year fixed rate loan at 5.25% and saved them almost $2,100 a month.
- Refinance to some of the lowest rates in decades, and get cash to pay off your higher-interest debt. Don’t wait. These low rates won’t last forever!
- Make one low monthly payment instead of several, and pay less overall every month. Unlike credit cards, the interest is usually tax-deductible.
Most Popular Loans For Consolidating Debt
- FHA LOAN:Refinance your debt into one low cost loan today
- 15 YR FIXED RATE LOAN:Consolidate your debt and pay it off sooner with our 15-year fixed rate mortgage.
- 30 YR FIXED RATE LOAN:Have the peace of mind always knowing your payment amount with a 30-year fixed.
- VA FIXED RATE LOAN:A top choice for veterans and military members to consolidate debt with a low fixed rate.
GET CASH FROM YOUR HOME
Further your goals or enhance your life with the equity in your home
Make home improvements to increase the value of your home, pay for college tuition, pay off high-interest credit card debt, or buy a vacation home.
Homeowners over 62 can access their home’s equity like cash with our reverse mortgage program. Find out more about Reverse Mortgages here.