Refinance at historically low rates and obtain cash to pay off your high-interest debt. Don't delay — these low rates aren't going to last long!
Make one modest monthly payment rather than multiple smaller ones, and you'll pay less overall each month. Mortgage interest, unlike credit card interest, is frequently tax-deductible.
We can assist you even if your credit is less than ideal. Paying off your higher-interest obligations as quickly as possible might help you boost your credit score. Check if you may lessen your monthly payment or withdraw funds to pay your other debts.
Do you want to combine two mortgages? We can help you consolidate both loans into one low-rate loan, significantly lowering your monthly mortgage payment.
You'll have an entirely online application procedure with little paperwork, and you'll be able to track the progress of your mortgage application.
Our Home Loan Experts are here to answer your questions and explain the technicalities so that you can secure the best mortgage possible.
You can manage your mortgage online without any hidden fees once your loan is closed.
We service 99 percent of our mortgages, so you can count on our excellent customer support even after you've closed.
FHA loan – Refinance your debt into one low-cost loan today.
15-year fixed-rate loan: With our 15-year fixed-rate mortgage, you can consolidate your debt and pay it off faster.
30-year fixed-rate loan — With a 30-year fixed-rate loan, you'll always know your payment amount.
Veterans and active service personnel can use a VA loan to consolidate debt at a low fixed rate.
The average interest rate on credit cards is roughly 15%. On the other hand, Mortgage rates are currently at 3–4%.
You have equity in your home if your home's current worth is more than your existing mortgage balance. You might be able to use this equity to refinance your current mortgage and get cash at a low-interest rate, which you might use to pay down your credit card debt.
The appraised value of your home minus the amount you still owe on your loan is your home equity.
The more equity you have, the more money you may be able to get from a cash-out refinance. Many homeowners borrow money to pay off high-interest debt or upgrade their homes. Use our refinance calculator to see if you have enough equity to reach your financial goal.
To avoid paying anything out of pocket at closing, you might include the fees of securing a new mortgage in the total refinance price. However, refinancing to get cash out or consolidate debt may result in a longer loan term or a higher interest rate, resulting in you paying more in interest over time.
To explore if refinancing your house can help you consolidate your debt, speak with a Home Loan Expert or use our refinance calculator.
Aside from the rules, it's critical to ensure that refinancing helps you achieve your financial objectives. If you want to refinance your property, consider the following factors: Does your present lender have a prepayment penalty? Do you have enough equity built up in your home? Are interest rates lower now than when you first took out your mortgage? Do you plan to stay in your home for many years? Use our refinance calculator to determine if refinancing your house can help you achieve your goal.
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