How To Consolidate Your Debt

Consolidate Your Debt By Refinancing Your Mortgage

• You can refinance with possibly the lowest rates in a decade and also get cashback.

• If you make one low monthly payment rather than several payments, you may be able to pay less overall every month.

• Whether you have less than perfect credit, we are able to help you. Paying off the high interest debts quicker can improve your overall credit rating. 

• Are you interested in consolidating two mortgages? We can assist you in refinancing both loans into a single one with a very low rate to help drastically lower your monthly mortgage payment. 

Why Tampa Bay Home Mortgage? 

• You'll receive a complete online application process which includes less paperwork than most, and you are able to track the current status of your mortgage application.

• Our personal home loan experts are personal to you. Meaning we are available to answer your questions so that you are confident in your choices and that we get the right mortgage for you.

• After you have closed your loan, you are able to manage your mortgage online free of charge.

Great Options To Help Consolidate Debt 

• FHA Loan – You are able to refinance your debt into one loan today.

• 30-Year Loan – If you are looking for a more traditional loan option, lock in today with a 30-year fixed.

• 15 year fixed-rate loan - You can consolidate and pay off sooner with a 15-year fixed-rate mortgage.

• Adjustable Rate Mortgage – You are able to receive the lowest rate available with a 5 or 7 year ARM and possibly pay thousands less over a normal fixed rate mortgage. 

• VA Loan – Get a very low rate with the VA loan as long as you are a qualified veteran, military member, or partner. You can also consolidate debt with a fixed low rate.  

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!