How to use a mortgage to consolidate debt...
and get cash back!
Spring is a time of new beginnings and a great time to review your monthly expenses. Using the equity in your home, you may be able to consolidate your loans into one monthly payment, which could save you money! The scenario below shows an example of a monthly mortgage payment and other obligations against the proposed mortgage with debt consolidation and cash back:
Contact one of our Loan Officers today for a free mortgage check-up to find out if a debt consolidation mortgage is right for you!
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*1All loans subject to credit and underwriting approval. 1Interest Rates and Annual Percentage Rates (APR) are effective as of March 24, 2025 and may change without notice. Information provided assumes a loan amount of $350,000 and an estimated property value of $585,000 with, 360 monthly payments of $2,270.00. The property must be located in Rhode Island, Connecticut, New Hampshire or Massachusetts and is an owner-occupied single-family home or condo. Other programs and terms may be available. 2 Estimated closing costs total $3,779 and are included in this loan amount.