Debt Consolidation Relief Plans in the United States

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Debt Consolidation Relief Plans in the United States

Many consumers are looking for debt consolidation relief plans in the United States similar to this applicant. He has limited time and has decided to use the services of a broker to help him find the most competitive interest rate and terms for his debt consolidation requirements. He has an existing mortgage, several personal loans, a line of credit and several credit cards that he wants to consolidate into one mortgage.

Since he has an excellent credit rating he should be eligible for the best interest rate terms and should have no problem finding a lender through a broker. He will of course need to have his home appraised to ensure that there is sufficient equity in the home to carry the mortgage. This should not be a problem since according to his comments his previous mortgage was $300,000 which he has paid down to approximately $125,000.

All of the information he provided appears to point to his excellent credit rating, which will need to be verified, and will likely support his mortgage application. This is a standard process that all lenders will go through for large debt consolidation relief plans like this one. He also plans to make additional payments from time to time which will result in reducing the overall interest he will pay over the life of the mortgage. This is an excellent feature to have and consumers should always make sure that they have this option regardless of what their current plans might be regarding extra payments. You never know how your financial affairs will change over the years and paying down your mortgage is an excellent savings plan.

Home/Mortgage Loan Amount :: $200,000

Home Loan Application and Processing Speed (when do you need the funds)::really soon, since my mortgage is coming due and I want to refinance and get some debt consolidation relief at the same time.

Do you currently have a mortgage? ::yes, the current balance is approximately $125,000

Bank Name and Branch :: Bank of America, Montgomery st

What City/Town, State and County do you live in? :: San Francisco, California

Zip :: 94105

What is your employment field? :: Software developer

Employment Position :: software developer for one of the hitech companies here in Sf

When are you paid? (monthly/weekly/biweekly):: biweekly

Your credit rating to be – excellent, fair, or bad? :: excellent

How did you find us? :: Searching for debt consolidation relief plans in the United States

How are you paid? (direct deposit/paper check):: direct deposit, does anyone get a check these days?

Gross Amount Per Paycheck :: $4500

Do you agree to have this information published online, without your PRIVATE information of course? :: sure, why not everything else is online, just try to keep my name off the online information

Extra information here please (some detail)::  Hi, I am trying to figure out what debt consolidation relief plans are available in the United States. From what I can figure out so far is that I am pretty much on my own and will have to look for my own debt consolidation relief plan for my situation. This is one of the reasons I filled in this application on your site. I need to refinance my existing mortgage which is coming due in the next couple of months and I would also like to consolidate a lot of debt that I have from various personal loans and several credit cards.

I want to have just one monthly payment at a low interest rate and a low monthly payment with the option to make extra payments whenever I have extra money available. This is what I did with my original mortgage and paid down a $300,000 mortgage down to approximately $125,000. This time I want to refinance at a $200,000 level since I have fewer debts to consolidate.

I have been told that working through a site like yours with brokers available to help can ensure that I am able to obtain a really low interest rate and excellent terms for debt consolidation relief. Please advise if you can help me with my request.

Note to Lender :: my job as a software developer involves a lot of long hours at the computer terminal and I just want to get this relief program completed with a minimal amount of effort. I have been working as a software developer for the past ten years and I am considered as an expert in my field. My skills are in demand and I will have no problems finding work in my field for many years.

My salary is more than sufficient to carry the mortgage and other than the $75,000 in debt that I want to consolidate with my existing mortgage, I have no other debts to report. The current debt is made up of a few personal loans, a line of credit and several credit cards which I carry. My credit rating is excellent and I believe that I should qualify for the most competitive interest rates available.

I look forward to your response and your competitive proposal for my personal debt consolidation relief plan. I reside in San Francisco in California, in the United States.


Category: Home Mortgage Loan APR 3.75% APR 3.15% APR 2.96%
Loan Principal $200,000 $200,000 $200,000
Payment Schedule Monthly Monthly Monthly
Length of Term 20 25 30
Amount to be paid $275,308.50 $279,009.02 $289,043.29
Total interest paid $75,308.50 $79,009.02 $89,043.29
Paid per installment $1,131.40 $917.29 $791.90