There are multiple debt relief strategies worth exploring now. Here's what experts recommend borrowers do next.

Refinancing your mortgage to consolidate debt can lower your overall interest rate and extend your repayment by rolling high-interest debts, such as credit card balances or personal loans, into your ...

Lenders generally prefer a debt-to-income ratio of 36% or lower, with 43% often considered the maximum acceptable limit. A lower ratio signals to lenders that you have enough income to comfortably ...

To illustrate, if you have a home valued at $450,000 with a $300,000 mortgage, you can potentially access $60,000 ($450,000 * .80 minus $300,000) to consolidate debt. How Can Mortgage Refinancing ...

With a debt consolidation loan, the goal is to pay off your high-rate credit card debt with a new loan, ideally with a lower interest rate than your credit cards.

Put simply: Yes, homeowners can consolidate debt into a new mortgage loan. However, it’s important to note that this isn’t possible for all buyers and there are some key steps you’ll need to ...

A debt consolidation loan is a type of financing you can use to consolidate multiple high-interest debts into a new loan. With a good or excellent credit score, a debt consolidation loan could ...

Longer-term interest rates do not always decrease when the Fed cuts short-term rates. Following the Fed's cuts last year, ...

Shop for a Debt Consolidation Loan: Look for lenders offering debt consolidation loans with favorable terms, such as lower interest rates than what you're paying on your credit cards, ...

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The ...

Does the lender’s loan amounts and terms match your debt? Personal loans for debt consolidation come in a wide range of loan amounts ($1,000 to $50,000) and repayment terms (two to seven years ...

Consolidating federal and private loans can result in a lower interest rate or monthly payment, but be aware that you may ...