Consolidating debt into
Loans through Avant give you the flexibility to pay off your debt with simple monthly payments over the course of 24 to 60 months** We give you the flexibility to personalize your loan and choose the best option for your needs.
Avoid the hassle of managing multiple credit card bills every month.
However, refinancing to get cash out or consolidate your debt may result in a longer loan term or a higher rate, and that might mean paying more in interest overall in the long run.
Talk to a Home Loan Expert or use our refinance calculator to see if refinancing your home can help you consolidate your debt.
Rolling student loan debt into a mortgage (also known as “debt reshuffling”), allows you to refinance your mortgage with either a new loan or an additional home equity loan.
Many homeowners take cash out to pay off high-interest debt or make home improvements.
You also expressly consent to having Quicken Loans, our Family of Companies, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry.
You do not have to agree to receive such calls or messages as a condition of getting any services from Quicken Loans or its affiliates.
By comparison, mortgage rates are currently in the 3–4% range.
If the current value of your home is greater than your current mortgage balance, it means you have equity in your home.
Combining all debt into one loan reduces your total monthly bills into one single payment, making it easier to plan your finances.