Texas Home Lending News

Debt Consolidation Calculator

March 30th, 2022 10:40 AM by Shawn Smith NMLS#863501

Interest savings may be hiding in your mortgage, Jason

When you think of a mortgage loan, you typically think of interest costs. But if you consolidate other debts into your mortgage, you can start thinking of interest savings instead.

Most consumer debt carries a higher interest rate than home financing. If you access cash to pay off some of those debts – even at a slightly higher interest rate than your current mortgage – you can still save on overall interest expenditures.

And if you use your monthly savings to pay extra on your principal each month, you can pay off your mortgage faster and save even more.

Use this calculator to determine how much interest you’re currently paying. Keep going to see how much you can save with a new consolidation loan.

If you want to talk through your scenario, please give me a call. I’ll be happy to help!

DEBT CONSOLIDATION CALCULATOR

Shawn Smith
MLO/Broker | NMLS # 863501
(214) 396-3650 | Mobile: (817) 706-8619
shawn@sublimefinancial.com

www.sublimefinancial.com
Sublime Financial, LLC
14785 Preston Rd Dallas TX 75254

NMLS # 1134044

Posted in:cash outPosted in:texas cash out refinancePosted in:Texas Mortgage CalculatorPosted in:CASH OUT REFINANCE TEXASPosted in:CASH OUT REFI TEXASPosted in:DALLAS MORTGAGE CALCULATORPosted in:MORTGAGE CALCULATORPosted in:CALCULATORPosted in:refinance mortgage calculator and tagged: cash out refinance cash out TEXAS CASH OUT Texas Mortgage Calculator CASH OUT REFINANCE TEXAS CASH OUT REFI TEXAS TEXAS CASH OUT REFI mortgage calulator mortgage loan calculator mortgage loan payoff calculator MORTGAGE CALCULATOR

Posted by Shawn Smith NMLS#863501 on March 30th, 2022 10:40 AM

Home Status Report

Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.

Texas Home Lending News

Debt Consolidation Calculator

Recent Posts:

Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog:

Home Status Report