Consolidating 1st and 2nd mortgages
Note: Ensure you only include the principal and interest portion of your monthly mortgage payment.
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Other benefits of consolidation include: As with any loan, it is necessary for you to thoroughly research any offer from a lender before you commit to a repayment agreement.
The lending process for a consolidation is much like your application to get your first and second mortgages.
Are you a homeowner looking to simplify the monthly payment you’re making on your home.
Perhaps you’re considering a refinancing of your current mortgage to a lower rate, or maybe you’re thinking about consolidating a first and second mortgage into a single mortgage.
Don't give up the potential benefit of a consolidation with a faulty new loan.