Hi All, Many other people consider to debt consolidation loan and also debt consolidation mortgage. So, my question is whatâ??s the difference surrounded by a debt consolidation loan and a debt consolidation mortgage? Anyone give me some comments about my question.
Just a guess, but I would imagine a Debt Consolidation Mortgage is a loan that is secured by your house, whereas a Debt Consolidation Loan is unsecured or secured by something other than your house (e.g. your car).
Hello ccbob, I think both are loans. So, which I consider debt consolidation loan or debt consolidation mortgage ?
A debt consolidation loan is unsecured where if you default your house while have a lien on it,and maybe made to sell.A mortgage is here they will foreclose on the house and you lose it.
