In this high inflation environment where prices of everything are higher, Lotus Loans & Mortgages is seeing many people that are accumulating debt. Many who have approached their bank for a mortgage to consolidate debt but have been declined because they are not qualitied due to new much higher qualifying rates. Lotus Loans & Mortgages has access to non-bank lenders that offer 2nd mortgages to consolidate debt where the borrower does not have to break their existing low rate 1st mortgage and pay a penalty. Rates on 2nd mortgages are higher but payments can be substantially lower than payments on unsecured debt. That means:
- there are cash flow savings
- management of payments becomes easier since there is 1 payment vs several
- major stress is relieved
For debt ridden borrowers who are drowning in debt, we are offering a lifeline, just connect with us! Just because in today’s mortgage market where banks are saying no to people with equity in their homes does not mean that Lotus Loans & Mortgages cannot find a solution, we can!
