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Debt consolidation

Debt can happen to anyone. Perhaps you’ve lost your job, had a medical emergency, needed unforeseen home repairs, or just lost track of your spending. If you are tired of high credit card interest and are sinking in a sea of finance charges, a debt consolidation loan from Topdot can help you break free.

What is a debt consolidation loan?
A debt consolidation loan uses the equity in your home to pay off your bills. Most home mortgage rates are far lower than consumer interest rates, such as those on your credit cards, and Topdot has special programs designed especially for debt consolidation. By refinancing or taking out a home equity loan, you can resolve high interest credit cards, car loans, student loans, personal loans or even settle judgments, while lowering your monthly payments or getting cash back. Here are just a few of the benefits of a debt consolidation loan:

Lower your monthly payment A debt consolidation loan combines your existing debt into one low-cost monthly payment. You’ll pay off your loan faster and save huge amounts of compounded interest.

Take advantage of lower rates  Low interest rates combined with Topdot’s creative loan programs can free you from debt and make your life easier. You’ll be able to convert your high interest loans into one low interest debt consolidation loan. Our flexible rates and terms offer something for everyone, including individuals with poor credit.

Consolidate multiple mortgages Don’t pay high interest rates on a second mortgage when you can consolidate multiple mortgages into one new loan.

Make your debt tax deductible (Consult a tax professional)
As opposed to credit card interest, mortgage interest is usually tax deductible. A debt consolidation loan can actually save you money on taxes! Before you do anything though, it is imperative to understand the facts. Talk to a Topdot mortgage specialist for more information.

Reduce your stress
No matter how you got there, being in debt can cause immense worry and fear. A debt consolidation loan can give you back control of your financial situation. You’ll no longer have to worry about multiple creditors and deciding which ones you can afford to pay each month. Best of all, you'll have the satisfaction of knowing that you are on your way to enjoying a debt-free lifestyle!

To find out if debt consolidation can help you call Topdot today, or use our calculators.