Question:

Which loan provides low interest debt consolidation?

Answer:

People often consider a refinance or a second mortgage to use for debt consolidation if they are homeowners. However, you cannot be so sure that you will be able to find a low interest debt consolidation loan to use as a refi. Usually, a refinance will be a good choice only if you find a low rate loan.

If you cannot find one, perhaps you will fare best with a HELOC. Of course, a home equity loan is also an option but it usually requires that you get a lump sum to use and your interest will be calculated over the whole amount, while a HELOC can be used on revolving credit terms and the interest is accrued over what you spent, rather than over the whole credit limit.

A low rate credit card may offer you nice benefits, as well. Only keep in mind the rate will get inflated as soon as you make a late payment, and you may not be additionally informed about that.

Recommended helpful present and future homeowners links:
Why: Refinance to a fixed rate loan while mortgage rates are still low.
Link:
Why: Because FHA loans are insured by the US Federal Government they have very competitive interest rates and are easier to qualify.
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Why: Know and protect your credit report and score.
Link: See All 3 National Credit Scores & 3 Reports Instantly, Online & Free
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Common misspellings: mortage and morgage