Refinancing mortgage loan debt consolidating

There are maximum loan amounts that vary by county. A pre-approval will give you an advantage when you find your perfect home. There are multiple loan options that may fit your unique needs, and we can help you choose.

Consolidating your debt by refinancing allows you to put existing debt into your mortgage—typically at much lower interest rates.

The result is a single interest rate and single monthly payment.

Exchange multiple, high-interest credit card payments for one low-interest mortgage payment.

Experience the instant savings on interest each month, the convenience of only one bill to pay, and you may have the added benefit of replacing non-deductible credit interest with tax deductible mortgage interest*. Use the money you save on interest payments to pay down your principal balance even faster!

Generally, you’ll end up paying less each month than you do now, paying all the bills separately.

We encourage you to carefully consider whether consolidating your existing debt is the right choice for you.

Consolidating credit debt or multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner.

By understanding how consolidating your debt benefits you, you'll be in a better position to decide if it is the right option for you. Our American Pacific Mortgage loan advisors can give you a one-on-one consultation, and map out exactly how debt consolidation can work for you.

Additional information may be requested, so don’t panic if you have to turn in more documents.

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