Refinance Offers for Consolidating Debt — From a Network of Lenders
One Online Form
Multiple Lender Offers
Look over debt-consolidation refinance and home equity product offers drawn from a network of lenders.
Step 1 - Share details on your balances
Step 2 - Respond to a handful of questions
Step 3 - Weigh the offers next to each other
Free · No obligation · Offers gathered in one view
What is a debt-consolidation refinance?
A debt-consolidation refinance draws on a mortgage refinance or a home equity product to fold several existing balances into one new monthly payment. Borrowers juggling balances across multiple accounts may weigh offers from lenders in the network that bring those balances together into a single payment.
Since the funds originate from a mortgage or home equity product, the consolidated debt is backed by the borrower's home. That marks a real shift away from unsecured balances, such as credit card balances, which are not attached to the home.
Products that may be used to consolidate
Lenders in the network carry a few home-secured loan products that borrowers may line up for the purpose of consolidating balances. The exact terms rest with each individual lender.
Debt-consolidation refinance
A debt-consolidation refinance is a refinance product that swaps an existing mortgage for a new one and supplies extra funds, which a borrower may put toward other balances. The new mortgage is backed by the home, and borrowers can weigh offers spanning different terms and structures from lenders in the network.
HELOC
A HELOC, or home equity line of credit, is a revolving line of credit backed by the borrower's home, letting borrowers pull funds across a set draw period. Those funds may go toward clearing other balances. The pricing setup differs from lender to lender.
Home equity loan
A home equity loan is a loan product that delivers funds as one lump sum, backed by the home. A borrower may direct those funds toward other balances, then pay the home equity loan back on the terms the lender sets.
Trade-offs to consider
Folding unsecured balances into a home-secured loan changes what the debt is. Balances that once stood apart from the home become part of a loan that the home backs, which means the home acts as collateral for the consolidated debt.
The total interest paid over the life of the loan may move as well. Stretching the repayment period out could change how interest builds up over time compared with the original balances. Whether any given result suits a particular borrower comes down to that borrower's own circumstances and the terms a lender puts forward. SmartFin USA does not give financial advice, and borrowers should read each lender's terms in full before going ahead.
How comparison works
SmartFin USA is a lender comparison tool, not an application. The online form links you with lenders in the network so their offers can be reviewed side by side. Looking over offers places no obligation on a borrower to proceed with any lender.
Share details on your balances
Fill out a brief online form covering your home and the balances you are thinking of consolidating.
Get matched with lenders
What you share is used to pair you with lenders in the network that carry debt-consolidation refinance or home equity products.
Weigh the offers together
Look over offers from several lenders in one view. Nothing requires you to go any further.
FAQ
What is a debt-consolidation refinance?
A debt-consolidation refinance is a refinance product that lets borrowers fold several existing balances into one new mortgage payment. Home equity products can serve the same consolidating purpose. Either way, the consolidated debt is backed by the borrower's home.
Will consolidating my debts reduce my monthly costs?
That hinges on each borrower's own circumstances, the particular offers a borrower gets back from lenders, and the terms taken on. SmartFin USA makes no promise about any savings result and does not give financial advice.
Is this different from a balance transfer credit card or a personal loan?
Yes. A debt-consolidation refinance and home equity products lean on the home as security, whereas balance transfer cards and unsecured personal loans do not. Borrowers should read the terms of each product closely before settling on which route fits their situation.
What happens if I can't make payments on a debt-consolidation refinance?
Since the debt is backed by the home, falling behind on repayment could bring consequences particular to home-secured lending. Borrowers should read each lender's terms in full before going ahead.
Is the online form on this site an application?
No. The online form is a lender comparison tool. Sending it in is not an application, and no lender's credit decision is promised.