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Fallbrook Financial Services
Fallbrook Financial Services
"Your financial services experts
serving you from
the same West Hills, CA location for the last 25 years!"
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Debt Consolidation
Reduce your payments
You may be able to lower your cost of credit by consolidating
your debt through a second mortgage or a home equity line of credit. Remember
that these loans require you to put up your home as collateral. If you
can’t make the payments — or if your payments are late —
you could lose your home.
What’s more, the costs of consolidation
loans can add up. In addition to interest on the loans, you may have to
pay “points,” with one point equal to one percent of the amount
you borrow. Still, these loans may provide certain tax advantages that
are not available with other kinds of credit.
Take A Look At How Much You Could Save!
| Bills |
Balance |
Payment |
| |
| Auto loan |
$15,210 |
$520 |
| Credit Card 1 |
$9.834 |
$275 |
| Credit Card 2 |
$5,450 |
$140 |
| Credit Card 3 |
$8,231 |
$287 |
| Appliance Depot |
$5,312 |
$210 |
| Department Store |
$3,323 |
$153 |
| Total |
$47,360 |
$1,585 |
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| New Loan |
$50,000 |
$600* |
| You Could Save!! |
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$985 |
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*Monthly payments based on a
15 year fixed loan with an APR of 12.831%. This is an example only.
Actual monthly payments, closing costs and APRs may vary.
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