Compare Refinance Offers To Consolidate Debt — From a Network of Lenders
One Online Form
Multiple Lender Offers
Review debt-consolidation refinance and home equity product offers from a network of lenders.
Step 1 - Tell us about your balances
Step 2 - Answer a few questions
Step 3 - Compare offers side by side
Free · No obligation · Compare offers in one place
What is a debt-consolidation refinance?
A debt-consolidation refinance uses a mortgage refinance or a home equity product to roll multiple existing balances into one new monthly payment. Borrowers carrying balances across several accounts may compare offers from lenders in the network that combine those balances into a single payment.
Because the funds come from a mortgage or home equity product, the consolidated debt is secured by the borrower's home. That is a meaningful change from unsecured balances, such as credit card balances, which are not tied to the home.
Products that may be used to consolidate
Lenders in the network offer several home-secured loan products that borrowers may compare for the purpose of consolidating balances. Specific terms are determined by individual lenders.
Debt-consolidation refinance
A debt-consolidation refinance is a refinance product that replaces an existing mortgage with a new one and provides additional funds, which a borrower may use to pay off other balances. The new mortgage is secured by the home. Borrowers may compare offers across different terms and structures from lenders in the network.
HELOC
A HELOC, or home equity line of credit, is a revolving line of credit secured by the borrower's home, allowing borrowers to draw funds over a defined draw period. A borrower may use the funds drawn to pay off other balances. Pricing structures vary by lender.
Home equity loan
A home equity loan is a loan product that provides funds in a single lump sum, secured by the home. A borrower may use those funds to pay off other balances and then repay the home equity loan on the terms set by the lender.
Trade-offs to consider
Consolidating unsecured balances into a home-secured loan changes the nature of the debt. Balances that were previously not tied to the home become part of a loan secured by the home, which means the home serves as collateral for the consolidated debt.
Total interest paid over the life of the loan may also change. A longer repayment period could shift how interest accrues over time compared with the original balances. Whether any specific outcome is appropriate for a given borrower depends on the borrower's individual situation and the terms a lender offers. RefiCompareNow does not provide financial advice; borrowers should review each lender's terms in full before proceeding.
How comparison works
RefiCompareNow is a Lender Comparison Tool, not an application. The Online Form connects you with lenders in the network so you can review offers side by side. Reviewing offers does not obligate a borrower to move forward with any lender.
Tell us about your balances
Complete a short Online Form with information about your home and the balances you want to consider consolidating.
Match with lenders
Your information is used to match you with lenders in the network that offer debt-consolidation refinance or home equity products.
Compare offers side by side
Review offers from multiple lenders in one place. There is no obligation to move forward.
FAQ
What is a debt-consolidation refinance?
A debt-consolidation refinance is a refinance product that allows borrowers to roll multiple existing balances into a single new mortgage payment. Borrowers may also use home equity products to consolidate balances. In both cases, the consolidated debt is secured by the borrower's home.
Will consolidating my debts reduce my monthly costs?
That depends on each borrower's individual situation, the specific offers a borrower receives from lenders, and the terms accepted. RefiCompareNow does not promise specific savings outcomes and does not provide financial advice.
Is this different from a balance transfer credit card or a personal loan?
Yes. A debt-consolidation refinance and home equity products are secured by the home. Balance transfer cards and unsecured personal loans are not. Borrowers should review the terms of each product carefully before deciding which approach is appropriate for them.
What happens if I can't make payments on a debt-consolidation refinance?
Because the debt is secured by the home, failure to repay may result in consequences specific to home-secured lending. Borrowers should review each lender's terms in full before proceeding.
Is the online form on this site an application?
No. The online form is a lender comparison tool. Submitting it does not constitute an application, and there is no guaranteed credit decision from any lender.