Debt consolidation through an equity take-out mortgage allows you to combine your high-interest debt—like credit cards or personal loans—into your mortgage. This means your debt is paid off with a single, low-interest mortgage payment, saving you money each month. You’ll still have your mortgage, but now your high-interest debt will be included at a much lower rate.

The primary benefit is financial relief. By consolidating debt, you can reduce your monthly payments by up to 50-65%, lower your interest rates, and make managing your finances much easier. You’ll save money in interest and pay off your debt faster.

It depends. If your current mortgage rate is lower than today’s rates, refinancing may raise your rate slightly. However, we’ll ensure the overall savings from reducing high-interest debt outweigh any increase in your mortgage rate. We use a debt consolidation calculator to show you the real costs and benefits so you can make the best decision.

The process can take as little as 2 weeks, though most refinances typically take around 1 to 1.5 months. This depends on the complexity of your situation, but we’ll guide you through every step to make sure it’s as smooth as possible.

If you’re a homeowner with enough equity in your property (up to 80% of your home’s value), you likely qualify. We’ll assess your financial situation during your free consultation to see if consolidating your debt into your mortgage is the right solution for you.

Your monthly payments will depend on your specific mortgage rate, the amount of debt being consolidated, and how much equity you have in your home. In many cases, we can reduce payments by 50-65%, giving you significant monthly savings. We’ll use our debt consolidation calculator to provide a clear comparison of your current payments vs. your new payments.

There may be some fees associated with refinancing your mortgage, such as legal fees or appraisal costs, but we’ll go over these with you before any decisions are made. In many cases, the savings from consolidating your debt will more than cover any fees.

While it’s possible that consolidating debt may raise your mortgage rate slightly, the overall savings from reducing high-interest debt usually far outweigh the small rate increase. We’ll provide a detailed breakdown so you can see exactly how much you’ll save.

If you have a fixed-rate mortgage, breaking your mortgage early can result in penalties. However, with interest rates coming down, acting now may save you from higher penalties later. We’ll calculate the penalty for you and compare it to the potential savings from consolidating your debt, so you can make an informed decision.

Consolidating your debt through a mortgage can actually improve your credit score over time, as it reduces your total debt balance and makes it easier to manage your monthly payments. While there might be a slight temporary dip when you first refinance, the long-term impact is typically positive.

During your free consultation, we’ll go over your entire financial situation and use tools like our debt consolidation calculator to show you the potential savings. You’ll have all the information needed to make an informed decision without any pressure.