Did you know that refinancing your loan can be a smart financial decision?
Quite simply, refinancing is replacing your existing loan with a new one that makes more sense for you. Refinancing your loan doesn't have to be complicated. While you shop for the best price on a car, vacation package, or new shoes, the same can be said for exploring the options for refinancing your mortgage.
With our cash-out debt consolidation refinancing options, customers have lowered their monthly debt payments by an average of $200 per month**
* A debt consolidation refinance increases your mortgage debt, reduces equity, and extends the term on shorter-term debt and secure such debts with your home. The relative benefits you receive from debt consolidation will vary depending on your individual circumstances. You should consider that a debt consolidation loan may increase the total number of monthly payments and the total amount paid over the term of the loan. To enjoy the benefits of a debt consolidation loan, you should not carry new credit card or high interest rate debt. ** Average monthly debt payment reduction figures based on Mr. Cooper refinances from June 2017 - May 2018 in which a customer paid off at least one non-mortgage debt. Comparison between total minimum monthly payments before and after refinance. Individual results will vary. This is not a commitment to lend. All loans are subject to credit and property approval. This offer is nontransferable and may not be combined with any other mortgage offer. Advertised offer is subject to change. If a personal code is present on the advertised offer, you must provide such code to claim the offer. We may gather information about you including, but not limited to, credit bureau information, information for verification of income, information for appraisal and verification of property being used for collateral. We also verify your identity. Income, assets, and debt must meet eligibility requirements as established by Government and/or Lender guidelines.