CONSOLIDATION LOAN iNVESTMENT CALCULATOR
If you're carrying debt from several sources – such as credit cards, car loans, personal loans – you are most likely paying more in interest costs than you should be. One solution is to have a mortgage broker arrange a consolidation loan that replaces consumer debt with a single lower-interest loan.
With our Consolidation Loan Investment Calculator, run the numbers to see how much you can save with this approach, not only by consolidating your debts, but also by investing the resulting savings.
The Consolidation Loan Investment Calculator is simple to use. First, enter your current non-mortgage debts, then calculate a new consolidated loan, then see how you can apply the savings towards investments. A customized report highlights the payment schedule of the consolidation loan, and estimates how much you could gain by reinvesting your savings. You'll see how your investment balance can steadily become larger than your consolidation loan balance.
(Hint: Refinancing your mortgage can also offer a way to deal with high-interest debts, by replacing higher-interest debts with lower-interest mortgage debt. Ask an Invis mortgage broker about the advantages of this mortgage strategy.)
Count on an Invis mortgage broker to guide you through the process of consolidating your various debts – you could end up with significant savings.
