Debt Consolidation Calculator
Do you have existing debt with a higher interest rate than your current mortgage? If you do, there is a chance that you could cash out the existing equity of your home via a cash out refinance and use that cash to pay down the balances on your higher interest rate debt. Doing this could help extend out the life of the high interest rate debt, lower the interest rate on that debt, thus lowering the overall cost of servicing that debt. This mortgage calculator helps you understand the impacts of using a cash-out refinance to pay down debt. If you need any assistance interpreting the results of this mortgage calculator, please call one of our Mortgage Loan Officers at 800-724-0004.
Talk to a Loan Specialist Today
We want you to feel confident about purchasing or refinancing your home. Our experienced loan specialists are here to answer any questions or to address any concerns you may have. Get in touch today to lock in your custom rate or to begin the application process.