Consolidating your high-interest debt by getting cash from your home may save you hundreds per month. The value of your home has likely increased recently. With interest rates near historic lows, take advantage of your equity.
The majority of unsecured debt carry a high-interest rate and payment. When looking to consolidate this debt, you will eliminate these payments from your budget, giving you financial freedom.
If your goal is to get out of debt, you can use your payment savings to pay off your mortgage quicker or we can look to consolidate at a shorter term like a 15 year.
Key Consolidation Benefits
- Lower overall monthly payments
- Simplify with one monthly payment versus several
- Likely improve your credit rating
- Mortgage debt is tax deductible in most cases
There are several refinance options available:
If your goal is to consolidate your debt, let River City take charge and handle the loan process for you. We are eager to calculate your potential savings.