Consolidate Your Debt

Leverage Equity to Eliminate High Interest Debt

In a society so dependent upon revolving credit, it’s not surprising that a large percentage of Americans fall into credit card debt. There are certainly no positives involved in racking up thousands in interest while attempting to pay off that debt, especially when minimum interest rates barely scratch the surface of the loan. But if you’re like the 41.2% of American households that hold credit card debt (at an average interest rate of 15%), you’ll be happy to hear some good news: With the power of your home, you can pay off those credit cards and dump those sky-high interest rates and huge monthly expenses—all while consolidating all your balances into one affordable monthly payment.

Your home’s equity is key. That’s the amount your home is worth over the current balance of your home loan. When you tap into your home’s equity with a strategic refinance, you can pay off debts faster and pay less interest in the process. It’s a win-win situation for homeowners and can provide the stability that your family needs.

Imagine a life free of high-interest debt. Make it a reality by tapping into your home’s equity and strategizing your refinance today.

Debt Consolidation FAQs

How much can I expect to pay each month?

Calculate your potential new monthly mortgage payment in seconds with this handy calculator so you can make sure you have enough money left over each month for all your other expenses. Choose your rate and term—you might be surprised to see how affordable it is to own your home in less time than you thought. See how much interest you’ll pay over the life of the loan, and enter prepayment amounts to calculate their impact on your mortgage.

The Better Way to Reduce Debt

Lower Interest

Pay off credit card debt with high interest rates using your equity and take advantage of considerably lower mortgage rates.

Improve Cash Flow

Consolidating high interest credit card debt into your mortgage can dramatically decrease your overall monthly payment obligations.

Save on Taxes

Unlike credit cards and other consumer debt, the interest paid against your mortgage is tax deductible.

Eliminate Debt Stress

Paying off debt results in a reduction of stress, a sense of accomplishment, a boost in self-esteem and better physical health.

More Family Time

Decrease the amount of time you spend working to pay your monthly obligations and spend more time with your family.