Refinance calculator

By the middle of 2021, total U.S. household debt was more than $14 trillion, according to the Federal Reserve Bank of New York.

Credit card debt accounted for $0.79 trillion of that total.^[1] 

While Americans have paid down their credit card balances by $140 billion between the end of 2019 and the first quarter of 2021, many are still carrying debt that’s weighing down their financial future.^[1]

On the plus side, the housing market has grown as well.

This growth has raised housing prices, giving American homeowners more access to home equity than ever before.

If you’re a homeowner and want to lower your debt – especially high-interest debt, like credit cards – using a mortgage refinance for debt consolidation can be a powerful weapon in your battle against personal debt.

But it must be used strategically.

Use a Mortgage Refinance To Pay Off Debt: Refi and Conquer

A mortgage refinance (aka a “refi”) is essentially a reboot of your home loan. 

You borrow money from a lender (your original lender or a differe

should i do a cash out refinance to pay off debt

can you refinance to pay off debt