Lower the monthly payments of your current 1st mortgage. Consolidate a 1st and 2nd mortgage into one loan and lower the monthly payments. Pay off high interest rate, nondeductible credit card debt. Pay off an auto loan and make it tax deductible. The new Loan should be at a lower rate than your current loan.
Debt consolidation can help a family over difficult economic times.
CFA Mortgage Associates tries to understand the needs of the homeowner.