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Re-Financing (Banking)

Who Needs This Service?

• Anybody who has a number of debts that they are paying off each month would be better served consolidating their debt under one loan, at the best interest rate they can find.
• Anybody who is applying for a bank loan (i.e. you want to purchase something)

Learn Something About The Law

If you ever want to borrow money from the bank (i.e. to buy a car) you will need to clean up your credit situation. This means you should consolidate your debts. In other words, take all of your debts and put them under one loan, owed to one bank. To do this the bank will want to make sure you pay off all of your other debts and sign loan documents with them. This will only be possible if you have enough income/assets to make the monthly payments or if someone else guarantees the payment.

To Do:

1. Talk to your bank about consolidating the debt by getting a re-financing loan.
2. Talk to other banks to see if you can get a better deal elsewhere (stick with banks and credit unions, private lenders end up costing more in the long run and are difficult to deal with)
3. The process in each bank is a little different, but ultimately you need a lawyer to create the documentation and arrange for the payout of your existing debts. Contact us after you have spoken with your bank and arranged your deal.

Contact Us

For more information about this and other financing/bank related transactions, please give us a call or email.