Debt Consolidation Loans
Consolidate high-interest debt into one low monthly payment. Use your home equity to simplify your finances.
Decision help
Compare debt-consolidation tradeoffs before changing secured debt
A mortgage-based consolidation may change the payment and interest structure, but it can also turn unsecured debt into debt secured by the home. Review the full cost and behavior plan first.
Will the new payment actually fit?
Use verified income and a complete budget, not a promotional rate or an assumed minimum payment.
What happens to the payoff timeline?
Compare total interest and term; a lower monthly payment can cost more if the debt is stretched over a longer period.
What prevents balances from returning?
Identify spending, emergency-fund, and credit-use changes before using home equity to pay cards or other debt.
Next step: List each balance, rate, payment, and payoff date and ask for a total-cost comparison that includes closing costs.