A debt consolidation mortgage is a mortgage refinance that allows a homeowner to use the equity in their home or property to pay off existing debt and roll it all into their mortgage. Instead of holding onto debt in several different accounts and at several different interest rates, a homeowner can use a debt consolidation mortgage to lump all of their debt into one, low interest, mid to long-term home loan. This way, one leverages the money they've already put into their house/mortgage to ease their financial burden.
To find out if a debt consolidation loan could be a good fit for your situation, please call us and speak to one of our Mortgage Advisors.
Contact us for program details and guidelines. All programs subject to borrowers qualifications.