Benefits to Mortgage Debt

In order to buy a house, most Americans take on a mortgage loan. While debt is usually to be avoided if possible, when it comes to a mortgage there may actually be some financial benefits for borrowers. Liquidity If you dump all your extra funds into paying off your mortgage, you may be in a tight spot if you face a financial emergency. Family deaths, divorce and health traumas are just a few things that can quickly rack up enormous debts. If you do not have a sizable emergency save up and you have been sinking all disposable cash into your home, you may end up selling your home to pay f...

June 5th, 2019 | Debt, Credit, Mortgage, Benefits to Mortgage Debt

IDFPR, Division of Banking
Kerri Doll
Director
320 West Washington, 3rd Floor
Springfield, IL 62786
Phone:  888-473-4858

RDS Mortgage Corporation

Phone: 630-435-9100 | Fax: 815-531-0901
14722 S Naperville Rd, Unit 104, Plainfield, Illinois 60544
RDS is an Illinois Residential Mortgage Licensee #MB.6759848, NMLS# 205337

RDS Mortgage Corporation is a BBB Accredited Mortgage Broker in Plainfield, IL