A Debt Consolidation loan from Evergreen Lending

There are many different loan programs available through Evergreen Lending Company. From first time home purchases to debt consolidation, we offer individualized loan programs based on your financial situation and your future needs. All of our loan programs are backed with our Evergreen Promise.

Debt consolidation involves using the equity in your home to pay off existing debt. The most common debt consolidation involves paying of high interest rate credit cards and automobile loans. Other debt consolidations may pay off existing second mortgages, land purchases, student loans, personal loans, other mortgages, tax liens, collections, real estate taxes, and any other debt that you may have.

Most individuals would agree that the best place for your debt is in your interest deductible home loan. The monthly and yearly savings on debt consolidation loans can be quite substantial. Not only do you get to deduct the interest on your taxes; you usually can lower the overall interest that you have been paying. Keep in mind though, the savings need to be greater than the cost of the refinance or it doesn't make much sense to move forward.
Another common occurrence with debt consolidation loans is that we can look at lowering the term of your current loan to get it paid off sooner, at the same time keeping your overall monthly debt the same or even lower. For example, let us say a borrower has 28 years left on a mortgage and numerous credit cards with high balances. By consolidating this debt we could more than likely, drop the term of the mortgage to a 20 or 15 year term and keep the overall payment the same. Wouldn't it be nice to be debt free in 15 years!