Consolidate other debt

Most unsecured debt is priced by your bank at a higher rate than your mortgage in order to compensate them for the higher risk of loss if you default. For many people it only makes sense to use available home equity to pay out this debt, as it typically reduces interest costs significantly. If the total of the existing mortgage and the debt to be refinanced is less than 80% of the value of your home, and you qualify in terms of income and credit standing, refinancing your first mortgage should be a breeze.

In fact, using an Invis Mortgage Consultant is the perfect way to achieve this consolidation. Get an Invis Mortgage Consultant working for you now. Or call toll free 1-866-85-Invis.