Consolidating loan mortgage

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Having two mortgages isn’t as rare as you might think.

We have specially trained advisers who can help you start sorting out your financial problems.Two mortgages, however, can be trickier than holding just one.Luckily, there are mechanisms available with which to combine, or consolidate, two mortgages into one loan.But, the consolidation process may itself be tricky and the math may end up not making it worthwhile in the end.Let’s look at one example: You took out a home equity line of credit ten or more years ago and during the draw period – the time when you could “draw” on your credit line – you were paying a manageable amount: 5 per month on a 0,000 line of credit.

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