Debt Consolidation Calculator
Calculator
Debt Consolidation.
Thinking about refinancing your home to consolidate debt such as credit cards, auto loans, and other loans? The debt consolidation calculator below can help you decide if consolidation is right for you.
Results
Frequently Asked Questions
Typically, any second mortgages are paid off through the refinance. Both loans are consolidated into one new first mortgage and you will only have one payment each month. If you prefer to keep your second mortgage intact, we may be able to ask your second mortgage lender to remain in the second position and allow us to refinance the first loan.
A cash-out refinance lets you access your home equity by replacing your existing mortgage with a new one that has a higher loan amount than what you currently owe. If you have enough equity in your home, cash-out refinancing can provide a low-cost way of meeting your objectives — home improvement projects, paying off high-interest credit cards, or other financial needs.