Many households are struggling to pay their debt obligations on time. What if you could target borrowers and provide them with a plan to pay off their current high interest consumer debt and pay off their home early without raising their monthly cash out? Using a mortgage to consolidate debt can reduce a borrower's payments and total interest costs.
Target homeowners with multiple mortgages (First Mortgage + all junior mortgages) who may be great candidates for a consolidation loan. Homeowners can benefit from a single loan for cash-out, rate reduction, or to simply to streamline their number of monthly payment obligations.
Here's a sample of the type of data that you can expect to receive from this list: