*Debt is not eliminated. A debt consolidation refinance replaces existing high-interest debt with mortgage debt, potentially at a lower interest rate. This may reduce your monthly payments and help you pay down balances faster, but total interest paid over time may vary. Not all borrowers will qualify. Subject to credit approval and terms.
Simplify Your Debt with One Easy Payment
Streamline your payments by rolling your debt into one loan
*Debt is not eliminated. A debt consolidation refinance replaces existing high-interest debt with mortgage debt, potentially at a lower interest rate. This may reduce your monthly payments and help you pay down balances faster, but total interest paid over time may vary. Not all borrowers will qualify. Subject to credit approval and terms.
Take Control of Your Debt
The secret to paying off your home and other debt more quickly is to take advantage of your home equity and a debt-consolidation refinance.
Consolidating debt and using your monthly savings to pay a larger principle payment is the secret to paying off your loan in record time. This method is even more effective when interest rates are low. Many are paying off their homes in a third of the traditional 30-year term without increasing their budget. Ask your Intercap loan officer to calculate your debt-consolidation refinance to determine how fast you can pay off your home and other major debt based on your home’s equity.
Here’s an example of how a debt-consolidation refi could help pay off a $681k home and $54k of debt in 11 years without increasing monthly expenses.
*If you’re juggling credit card or other high-interest debt, a debt-consolidation refinance could be a powerful strategy. By using your home equity to consolidate debt, you may be able to reduce your total monthly payments — and then redirect those savings toward paying down your mortgage faster.
Many homeowners choose to apply those monthly savings as extra principal payments, helping to shorten the life of their loan significantly — often without increasing their overall budget.
Want to see how this could work for you? Your Intercap Loan Officer can review your current mortgage and debt profile and run a personalized amortization plan.
