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Save money by refinancing. Call us today! Debt consolidation loans approved financial information. Debt consolidation loans. A debt consolidation loan (dcl) allows you to make one payment to one lender in place of multiple payments to multiple creditors. Home equity what is a home equity loan? Bankrate. Pros of cashout refinancing. Because the loan is secured by your home, the interest rate is much lower than that of debt like credit card balances. Refinancing vs. A home equity loan. This is simply called home loan debt consolidation and the consolidation loan calculator could be used to compute repayments and so forth.
