Consolidation loan
Consolidation loan
A consolidation loan is a debt facility that pays off and replaces several smaller debts. Debtors would consolidate their debts to lower their monthly payment burden and overall interest rate. Consolidation loans are also called debt consolidation loans.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed |
4.83 |
| 15 yr fixed | 4.38 |
| 5/1 ARM | 3.68 |
Rates may contain points
