Should I Use a Home Equity Loan for Debt Consolidation?
If you have been accumulating debt on credit cards or other sources, it may be a good idea to consolidate that debt into a single payment using a home equity loan. This is particularly valuable if you have accrued a lot of home equity by either having paid off your mortgage or nearly so. The problem is many people with lots of equity can have credit or other problems that keep them from obtaining conventional home equity loans. This is where AHL Hard Money Network can help.
AHL Hard Money Network’s investors look at the equity in your home and will loan you a percentage of that amount. The term of the loan is typically 10 years or less, and our investors will normally lend about 50 percent of the loan to value ratio. We have no prepayment penalties, and we will close your loan within 5 to 7 business days with no upfront fees.
Obtaining a home equity loan from AHL Hard Money Network can actually help your credit by establishing a regular payment history. In addition, many people accumulate a lot of credit card debt at very high interest rates. If they can’t pay the balance on the cards, the interest rate causes the balance due to stay high or even go higher. Using hard or private money can give you a home equity loan at lower interest rates than credit cards, allowing you to eliminate that high-cost debt.
If you are self-employed, have a bad credit history or other financial problems, but have established good equity in your home, AHL Hard Money Network will connect you to our investors who are ready to provide you a home equity loan. Don’t wait any longer to get rid of high interest rate debt — contact AHL Hard Money Network today!