If you are currently struggling to pay off debt, you’re probably dealing with high interest rates and payments that just never seem to go down. That’s why using your home equity can reduce interests costs, monthly payments, and help ease the strain on your budget.
If you pay a significant amount toward credit card debt and lines of credit with high interest rates, it may be worth consolidating your debt into a lower rate mortgage. You can also consolidate other debt such as auto loans or second mortgages into one mortgage, one convenient payment.
With our Debt Consolidation option, we can analyze your current debt load to determine if consolidation with a new mortgage is the right choice for you. If so, we can to provide a mortgage up to 80% of the value of your home to pay off the existing mortgage and your designated debts.