HI Mortgage Coaches!
We're excited to announce a new feature that allows you to show a Debt Consolidation Analysis on any refinance scenario on a TCA.
Why would you use this feature?
1) Your borrower wants to consolidate high-interest debt using existing equity.
2) Your borrower doesn't qualify for the loan they want because of a high DTI ratio and you can't get an exception.
3) You want to recommend a strategy that will free up cash flow for investment building.
4) Your borrower needs to consolidate debt to plan for a divorce.
... and many more other possibilities.
This video will show you how to use existing equity to:
1) Pay off all debts with a new mortgage
2) Reinvest cash flow back into remaining debts
4) Reinvest cash flow into paying down the new mtg
5) Reinvest cash flow into an investment vehicle