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Newport Beach Consulting Helps People Consolidate to Save Money

October 25, 2018
Interest rates have been inching up lately, but Newport Beach Consulting knows there is still plenty of time to consolidate all your unsecured high-interest debt into mortgage debt at much lower interest rates. Over time, Newport Beach Consulting has strived to make a fun and productive environment for their specialists, whose primary job is to provide leads to companies providing mortgage refinance, debt consolidation and auto financing services to people, in a bid to lower debt and monthly payments for as many people as possible.

Those individuals and companies who rely on Newport Beach Consulting for leads know they are highly skilled and they can show almost any homeowner how to use a mortgage to pay off their high interest debt and make monthly payments they can afford, at the lower mortgage interest rate. This is an excellent time to refinance a mortgage or to use one to reduce your level of debt. Instead of having write separate checks for the mortgage, each credit card, a car loan and a student loan, it’s possible to write a single check to pay everything at a lower interest rate.

Not only that, but unlike all those other debts, mortgage interest is far more likely to be tax deductible. At least for the time being, mortgage interest rates are at their lowest rate in decades, which means they’re lower than many other types of debt. Given that average home gains as much as $15,000 a year in equity annually, it often makes sense to take some of the equity from your home and pay down your high-interest debts. Right now, mortgage interest rates around around 4 percent, which will represent a significant saving on most other types of debt.