Refinance to consolidate high interest debt

Using a refinance to consolidate debt can simplify your finances and reduce the interest you pay, but it needs to be handled carefully. MTG Home Loans helps you decide if this strategy supports your long term plan, not just next month’s payment.

When debt consolidation can help

A refinance may be worth exploring if you have:

High interest credit card balances

Personal or auto loans with higher rates

Multiple payments that are hard to track each month

By rolling these into a new mortgage, you may be able to lower your total monthly payments and move more of your debt into a single, structured plan.

See the full picture before you consolidate

A consolidation refinance should move you forward, not just lower this month’s payment. Together, we look at a few key pieces so you can decide with confidence.

Your new monthly payment and cash flow

We compare what you pay today to your estimated new payment so you can see how much room it may create in your monthly budget.

How long will it take to pay everything off

We map out your payoff timeline under the new structure, so you know when you can expect to be free of the debts you are consolidating.

Total interest and comfort in using your home as collateral

We look at total interest over time and talk about how comfortable you feel tying more of your debt to your home, so the plan fits both the numbers and your risk tolerance.

Our goal is to help you use a consolidation refinance as a real step toward financial stability, with a clear plan for how to stay on track after closing.