Ascendant Marketing Group Has the Knowledge to Make Financial Instruments Work

December 20, 2018
 
As the experts at Ascendant Marketing Group know, a second mortgage is often a great way to consolidate debt and pay less every month. However, they also realize , but there are other ways to do it, some of which may fit an individual situation better. They have been able to generate leads by identifying the best candidates for these types of services and helping financial services companies relieve the debt burden of many people, while also increasing their revenues, their efficiency and their profitability.

In many cases in which a second mortgage is not necessarily the best option, a cash-out refinance may be a great choice. This refers to a refinance of an existing mortgage loan, in which the homeowner refinances a larger amount than the existing mortgage, with the homeowner taking out the excess cash in a lump sum. That cash can be used for any purpose, including the consolidation of high interest debts, like credit cards, car loans, or student loans. The amount the homeowner can “cash out” this way will depend on the value of the current equity in the home and how much is still owed on the mortgage.