Consolidating debt into mortgage
Use our refinance calculator to see if you have enough equity to reach your financial goal.
It’s possible to add the costs associated with getting a new mortgage into the total refinance amount to avoid paying anything out of pocket at closing.
Debt consolidation entails taking out one loan to pay off many others.
As you accumulate more and more debt, you damage your credit record.
However, refinancing to get cash out or consolidate your debt may result in a longer loan term or a higher rate, and that might mean paying more in interest overall in the long run.
Talk to a Home Loan Expert or use our refinance calculator to see if refinancing your home can help you consolidate your debt.
The average credit card interest rate is around 15%.
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Botha, CT, South Africa “We’ve found it increasingly difficult to keep up with all our accounts every month and so we decided to consolidate our debt…