Debt Consolidation: Dallas Mortgage Refinancing

By Kelly Richardson
Local Lender Columnist
Mar 9, 2006
If you are in serious debt, or you desperately need some extra cash for bills, then you should consider refinancing your current mortgage for debt consolidation. There are a variety of debt consolidation programs in the Dallas area that you should know about.

Debt consolidation is the process of refinancing your home mortgage to include your debt. This will allow you to make one monthly payment that is often lower than the minimum payments that you make on your credit cards, potentially saving you thousands of dollars each year in payments. Here are some things for Dallas homeowners to keep in mind when refinancing a mortgage for debt consolidation.

Debt Consolidation for Dallas Homeowners:

• The Process. Debt consolidation begins when you select a mortgage lender to refinance your current mortgage.
• Debt Analysis. Most Dallas consolidation lenders will require you to undergo a debt analysis that reveals your financial situation.
• Choosing a Rate. When refinancing your existing mortgage, you will have options for both fixed and variable interest rates.
• Pay Your Debts. In most cases, your mortgage lender will issue you a check that you will use to pay off your credit debts.

There has never been a better time to refinance your home mortgage and take advantage of debt consolidation services. There are several resources for Dallas residents to explore the debt consolidation process.

Dallas Mortgage and Debt Consolidation Resources:

• Texas Association of Mortgage Brokers. This is a quality resource for advice concerning the mortgage and debt consolidation process.
• Texas Office of Consumer Credit Commissioner. This is another excellent resource to get all of your debt consolidation questions answered.

If you live in Dallas and you would like more information on debt consolidation, consult one of these resources.

Sources

• Texas Association of Mortgage Brokers

About the Author
Kelly Richardson has over 15 years of creative and technical writing experience. He teaches secondary Honors-level English and writes ad copy for a variety of clients in specialized industries such as medicine and technology. Kelly holds Undergraduate and Graduate degrees in English and Education from Georgia State University. He is currently pursuing a Doctorate in Educational Policy & Leadership from Berne University & International Graduate School.