How To Consolidate Your Debt

Consolidate Your Debt By Refinancing Your Mortgage

Why Tampa Bay Home Mortgage? 

Great Options To Help Consolidate Debt 

How can refinancing help me consolidate my high-interest debt?

If the value today of your home is greater than your current mortgage balance, it can simply mean you have value and equity in your home. Using the equity sometimes can help to refinance your current mortgage and you can receive cash at a low-interest rate to pay off your credit card debt.

What is equity? How can it help me consolidate my debt?

Home equity is the determined value of your house subtracting the amount you owe on your loan.

Depending on the amount of equity you have, that determines the amount of money you can recieve from a cash-out refinance. Many people take cash out to pay off high-interest debt or make general home renovations. 

How Often Should I Refinance?

Simply decide if it makes sense to refinance at that moment. Does your current lender have a prepayment penalty? Are interest rates lower now? Do you plan on staying in your home for the foreseeable future? 

Why Choose Tampa Bay Home Mortgage

Tampa Bay Home Mortgage is ready and willing to provide quality service to those in need. We treat each need in accordance to the person and their needs. Choose us today!