Consolidating your debt into your mortgage

Consolidating your debt into your mortgage

Consolidating your debt by refinancing allows you to put existing debt into your mortgage—typically at much lower interest rates.The result is a single interest rate and single monthly payment.FHA loans allow for down payments as low as 3.5%* and lower credit scores than most conventional loans.There are maximum loan amounts that vary by county.You don’t have to be overwhelmed by mounting bills or rising monthly expenses.If you want to get out from under high interest rate charges from credit cards, student loans, or other forms of debt, then a cash-out refinance might be the solution for you.

Try our debt consolidation calculator, which will tell you how much your monthly payment might decrease, how much you’ll save in interest, and how long it will take you to pay off the newly consolidated loan. *Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you.What is the amount of interest you are paying on auto loans, school loans, medical bill loans, or personal loans?Consolidate your loans with a cash-out refinance, and take control of your monthly payments*.By understanding how consolidating your debt benefits you, you'll be in a better position to decide if it is a good option for you.Pay off high-interest credit card debt with a cash-out refinance of your home.

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Your application will provide a complete picture to loan investors of your assets, debts and what you are buying.

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