Consolidation/Combo Loans

A Mortgage Debt Consolidation Loan (also referred to as a Combo Loan) can be a great vehicle to pay off existing higher interest loans, home improvements, education expenses, and medical bills. However, it is important to know the difference between secure and unsecured debt and to always make well-informed and educated financial decisions.

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A Combo Loan is a process of combining a first and second mortgage and giving the borrower more than a 100% LTV. The benefit to the borrower is they can consolidate and refinance all their debts (credit cards, car loans, medical bills) and mortgages and reduce their combined interest rates and lower their monthly payments.

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