Debt consolidation uses your home equity (via cash-out refinance, HELOC, or home equity loan) to pay off high-interest debt at a much lower rate — replacing several payments with one lower one.
The essentials
Below are the most common questions. For a personalized before-and-after and the best tool for your situation, a quick call is all it takes.
Frequently asked questions
How much can consolidation save me?
Often a lot — replacing high-rate card debt with home-secured financing can cut your monthly payment significantly.
Which tool is best for me?
It depends on your current mortgage rate and payoff goals — cash-out, HELOC, or home equity loan. We’ll compare all three.
Is it safe to consolidate into my mortgage?
It lowers your rate but secures the debt with your home, so discipline matters. We’ll give you an honest assessment.
Will it improve my credit?
Often yes over time, by lowering card utilization — aside from a small temporary dip from the new account.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766). Figures are illustrative for 2026 and not an offer of credit.