Leverage your home
equity to eliminate high-
interest debt
Available equity to
consolidate debt
Credit cards and personal loans often come with high interest rates.
(interest-only)
Use Home Equity to Lower
High-Interest Debt
Home equity can replace costly debt with lower-rate options like a HELOC or Home Equity Loan, cutting monthly interest and total repayment costs.
Interest estimates assume interest-only payments on existing debt. Actual costs may vary based on loan terms, rates, and payment structure. HELOC rates are variable and payoff time may change. Consult your loan officer for details.
Interest estimates assume interest-only payments on existing debt. Actual costs may vary based on loan terms, rates, and payment structure. HELOC rates are variable and payoff time may change. Consult your loan officer for details.
Speak with your advisor
We've teamed up with ACME Mortgage to help you plan your next move – from affordable tools to expert local agents ready to support you every step of the way.
Speak with your advisor
We've teamed up with ACME Mortgage to help you plan your next move – from affordable tools to expert local agents ready to support you every step of the way.
Additional benefits of consolidating
debt into your mortgage
Consolidating debt can lower interest costs, boost credit scores, and improve your financial flexibility — making it easier to qualify for future loans and save on insurance.
Credit-Score Surge
Lowering credit utilization from ~78% to under 10% can raise your FICO score by 40-100 points, reducing insurance premiums and improving loan rates.
Tax Deductibility
Equity-loan/HELOC interest is deductible if funds improve the home. Cash-out refinancing rolls debt into your mortgage, with interest deductible up to the $750k cap (confirm with your loan officer or CPA).
Debt-to-Income
Reducing $576 minimums to a single $417 or interest-only $235 greatly improves DTI-key if you'll need a car loan or second home mortgage soon.
Next Steps
Confirm the interest rates on your high interest debt
Understanding the interest rates of your current debt will give you a head start when running the numbers solo or with your loan officer.
Crunch the numbers with your loan officer
Your loan officer will help you find the best rate possible, estimate the cost of tapping into your equity, and will compare vs. your current debt payments and payoff schedule to see if you can save money.
