Debt Consolidation
How to Consolidate Debt through my Mortgage?
Refinance
Increase your mortgage to pay off high-interest debts and combine everything into one lower monthly payment.
Home Equity Line of Credit (HELOC)
Access your home equity as a flexible revolving line of credit to pay down debts as needed.
Second Mortgage
Take a separate lump-sum loan secured against your home to consolidate debt without breaking your first mortgage.
Am I Eligible ?
Debt consolidation through a mortgage depends on a few key factors. Here’s what lenders look at:Home Equity / Loan-to-Value (LTV)
You may be eligible if you have enough equity in your home, typically allowing you to borrow up to a percentage of your property’s value while staying within lender limits.
Credit Score
A stronger credit score helps you qualify for better rates and more options, but even average credit may still be eligible depending on the lender and overall profile.
Income & Stability
Lenders assess your income to ensure you can comfortably manage the new mortgage payment, looking at consistency, employment type, and overall affordability.
Existing Debts & Payment History
Your current debts and how you’ve managed them matter, including balances, minimum payments, and whether payments have been made on time.