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Consolidate Your Debts & Lower Your Monthly Payment With a HELOC or HEL

Current Local Mortgage Rates

Here is a table listing current conforming mortgage rates in your area, which you can use to compare against other loan options.

Home Equity Debt Consolidation Loan Calculator

This calculator is designed to help determine whether using equity in your home to consolidate debt is right for you. Enter your credit cards, installment loans and any other debt you wish to consolidate by clicking on the 'Enter Data' button for each category. Then change the consolidated loan amount, term or rate to create a loan that will work within your budget. Click the "View Report" button for detailed results.

For your convenience a tab above lists current local interest rates. You can use these rates to estimate the price of various mortgage loan products.

In the past interest on home equity debt was tax deductible, but it no longer is. The Tax Cuts and Jobs Act of 2017 changed what home debt interest payments could be deductible against income. As of 2018 homeowners can deduct interest paid on first mortgages, up to a limit of the interest payments on the first $750,000 of debt. If the interest deduction is important to your finances then a cash out refi on your original mortgage may still qualify

Home Equity Loan Concept.