Mortgage Debt Consolidation Can Pay For Christmas And More

San Diego, California

December 15, 2005

"Each Christmas season it seems that it gets a little more expensive", says Mike Post a Real Estate Loan Specialist at Mutual BanCorp. Because of this many are already considering how they will pay these expenses when the bills come due.

"They're not looking forward to getting those credit card statements when they arrive in January", says Post. Most of the time they will ignore these feelings, because their obligations to family and friends exceed their financial concerns about the expenses they're incurring. As an alternative, they could look at other options so they don't have to pay the banks any more then necessary.

Because of the busy schedule everyone has during this time of year, most don't have time to think about these sorts of things, unless they are reminded that there are alternatives that can make their life far less worry some about personal finances. "Sometimes it's a good idea to take stock of our finances and to consider what changes may be needed from time to time", says Post.

The equity they have in their home can sometimes be used to make life less worry some. They should consider reducing total monthly expenses after all their monthly liabilities have been consolidated. The benefit to having a lower overall monthly obligation can often far exceed what expense is incurred for the new financing. "As a rule of thumb, if your total savings over the first three years exceeds your closing costs to refinance, then the decision to refinance is considered to be a good one". says Post.

Often, because most holiday participants don't have time to think much about personal finances during the Christmas season, it's easy to get started by getting some additional preliminary information that will assist their own decision making. Fortunately, with the computer age with us all that is needed is to visit the web site of a mortgage professional to determine if refinancing is right for them. At my web site for instance at www.YourLoanHelp.com there are mortgage calculators to calculate the financial benefit of a new loan change with additional loan information to assist the prospective borrower with many of their questions.

"The best gift most home owners can give themselves this Christmas holiday season is to talk to their mortgage broker", says Post.

Mike Post, has over 25 years business experience with the last 5 years spent in home/commercial mortgage financing.

Contact Mr. Mike Post, MBA for more insights into this topic. Direct line: (858) 270-2149

Email: Mike@YourLoanHelp.com

Other helpful information regarding the benefits of Debt Consolidation can be found at: http://www.YourLoanHelp.com .

Merry Christmas and a Prosperous New Year!

This release was published on openPR.