Let us take a look at your overall debts and income and come up with a plan to get you back on top of your finances. Sometimes just refinancing and lowering your mortgage payment may be a good start in keeping more of your hard earned money in your pocket. However, many homeowners overlook their other debts and focus too much on merely lowering their mortgage payment.

By restructuring all your bills into one low monthly payment you could save even more money, as well as reduce your taxes. Remember, all credit cards and car loans are non-tax deductible. Also, in the past a client’s only choice to consolidate credit card and loan debts was to obtain a second mortgage. Were you aware second mortgage rates can often run as high as 19%?

By converting all these bills into one low monthly mortgage payment, you may possibly save $500.00 to $1,000.00 dollars per month (possibly more depending on your specific situation)! Let the experts at American Residential Mortgage guide you through a painless process to get you on the road to a debt-free lifestyle.

American Residential Mortgage helps many clients every month leverage the equity in their home to consolidate their debt and lower their overall monthly payments. The following example was the case for one of our client’s. It clearly shows the money they were able to save each month.

Note: The below rates are for illustration purposes only. Your actual rate may be higher or lower depending on your credit, income, home equity, loan terms, closing costs, etc.

As this example shows, we were able to refinance their existing mortgage and get them the money they needed to pay off all debts and lower their monthly mortgage payment by $122.52, resulting in a total monthly savings of $522.52. This particular client chose to put the extra money each month into an investment account for their retirement.