Is a Refinance Right for You? Let’s Run the Numbers

It’s Not Just About Your Mortgage Rate

Most people think of refinancing only as a way to get a lower mortgage rate. But that’s only one piece of the picture. If you are carrying credit card balances at 20–25% interest, a car loan at 8%, and a personal loan at 12%, you may be paying far more in total interest every month than you realize.

A cash-out refinance lets you access the equity in your home and use it to pay off those high-interest debts — replacing multiple high-rate obligations with a single, much lower mortgage rate. Even if your mortgage payment goes up slightly, your total monthly obligations can drop significantly.

Use the Debt Consolidation Calculator below to run your own numbers before you call.

Types of Refinance Available

• Rate-and-term refinance: Lower your interest rate or change your loan term
• Cash-out refinance & debt consolidation: Access your equity to pay off high-interest debt and lower your total monthly obligations
• FHA Streamline: Simplified refinance for existing FHA borrowers with minimal documentation
• VA IRRRL: Interest Rate Reduction Refinance Loan for existing VA borrowers — fast and simple
• Bank Statement refinance: For self-employed borrowers who qualify using deposits instead of tax returns
• No Income refinance: Qualify based on home equity alone — no income documentation needed