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Our home planning centers: 

your equity for: Paying Off Debts

use a fixed-rate home equity loan
with a repayment term from 10-15-20 years — use the loan to consolidate your debts into one, low repayment plan.

Loan Type: home equity fixed-rate loan
Line Amounts: at least 80% LTV for best rate: calc your LTV
Draw Period: request a 10-15 year repayment term
No Restrictions: make sure the loan has no pre-payment penalities
| or dial: 1-877-777-1370


More Information:

  1. summary review and benefits
  2. debt consolidation worksheet
  3. how can I consolidate and save
  4. tailor a repayment plan to fit a budget
  5. time to consolidate credit cards
  6. financing "need-to-know" checklist

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Loan Summary and Benefits


Are Your Bills Piling Up?
Are you paying too much interest on revolving credit card accounts? Or are you having problems managing all of your outstanding debts?

You may want to consolidate. Use the equity in your home to combine all of your existing accounts into one single payment that is manageable and affordable. You can consolidate:

  • credit cards
  • department store accounts
  • installment loans
  • student loans
  • auto loans
  • recreational vehicle loans



is a smart way to manage your accounts and reduce monthly costs.

Jump to our "Debt Consolidator Worksheet" below to calculate your monthly savings.

The interest charges on your home equity loan may be deducted from your taxes if you qualify. Consult your tax advisor for information. This can add up to additional savings that can reduce your overall debt payments.



  • get a fixed-rate home equity loan:
    select a repayment term that fits your budget
    calculate your repayment options

  • flexible repayment plans:
    find repayment plans that can be from 5-10-20 years, giving you the choice of low monthly payments to start

  • payment flexibility:
    request to pay the minimum monthly payments or any additional amount at anytime without penality

  • tax benefits:
    deduct interest charges from your taxes if you qualify —
    view your effective tax rate savings

  • competitive rates:
    get competitive rates that are as low or lower than many credit card consolidation programs

  • benefits can vary:
    benefits may vary by lending institution:
    view our summary notes of product features and terms


apply online

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Debt Consolidation Worksheet

Use the worksheet below to estimate your potential monthly savings. Enter your current loan amount balance and current rate.

Please note that your actual savings may vary depending on loan amounts, current rates, and other factors at the time that you consolidate. This worksheet should be viewed as an example of potential savings.

Account Existing Balance Interest Rate(APR)
Credit Card 1 $ %
Credit Card 2 $ %
Credit Card 3 $ %
Auto Loan 1 $ %
Auto Loan 2 $ %
Boat/RV Loan $ %
Education Loans $ %
Personal Loans $ %
Other Loans $ %

Enter your home equity
loan consolidation rate (APR):

Enter your home equity loan repayment terms
5yr=60 months, 10yr=120 months, 15yr=180 months
Your total outstanding balance $
By consolidating and paying off your total debts within the time specified at the annual percentage rate shown, your potential monthly savings is shown  
Your current monthly payment if you
DID NOT consolidate
Your estimated monthly payment if you
DID consolidated
Potential average monthly savings by consolidating $
Potential annual savings $

* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual lending rate may vary depending on your credit quality and lender. The circumstances surrounding your credit and loan qualifications may result in different calculations.

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How to Use Stories:  How to Consolidate to Save

How can I consolidate my debts and save?

Good question. Our recommendation:

Reduce your interest rate charges by consolidating all of your outstanding debts using your home equity loan.

Your home equity loan can be used as a "Debt Consolidator" to pay off the following accounts:

    • credit card balances
    • department store balances
    • gas card balances
    • installment loans
    • auto loans
    • any account balance that is outstanding.

Home equity loans generally have a much lower interest rate than most credit cards and other unsecured loans.

You can set the repayment term at a FIXED rate so that you can plan exactly how much to budget each month. Also save time and hassle by writing just one monthly check.

Another added benefit.

Potential Tax savings.

Since your home equity loan is secured by a mortgage lien on your home, the interest you pay is considered mortgage interest and may be tax-deductible. Speak with your tax advisor to see if you qualify for the mortgage tax deduction.

Now that's smart financial management!

Apply now and let's search for the right lender
or dial toll-free: 1-877-777-1370
Home Equity Application

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How to Use Stories:  Tailor a Repayment Plan

Tailor a payment plan that fits your budget

With most home equity loans, you can setup a repayment plan that fits your budget.

If your consolidated balances are high, set a repayment plan that is longer. It will reduce your monthly payment so that you can budget for other important living expenses.

If your consolidated balances are low, you may want a shorter repayment period.

Most home equity loans have the following repayment terms:

  • up to 5- years
  • up to 10- years
  • up to 15- years
  • up to 20-years

Compare your monthly payments among several different repayment plans. Select the plan that fits your current budget.

For example, the table below illustrates the different minimum monthly payments for the consolidated amount of $35,000 at the FIXED equity loan rate of 7.50%:

Please note: this is an example only. Interest rate and minimum payment may be different at the time you close your home equity application.


You may select a longer term to start with. When circumstances allow, pay more than the minimum monthly payment to reduce your loan faster.

But when finances get tight, it's nice to have a lower monthly payment to manage through tough times.

That is the flexibility you need.

Apply now for a Home Equity Loan
to use as a "Debt Consolidator"

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How to Use Stories:  Consolidating Credit Cards

Time to consolidate high rate credit cards

The holiday or vacation season is ending and guess what's coming in the mail? Your credit card bills.

You know that carrying a balance on your credit cards can add up to heft interest rate charges of 18% or more.


You're smarter than that.

That is why you plan to consolidate all of your outstanding credit card balances using your home equity loan.

Your home equity loan carries a much lower interest rate than most credit cards and other loans. And any interest you pay may be tax deductible. Speak with your tax advisor to see if you qualify for the mortgage tax deduction.

Apply now for a Home Equity Loan
to use as a "Debt Consolidator"

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Calculate Your Debt Ratio

The debt-to-income ratio is calculated by: dividing your fixed monthly debt expenses by your gross monthly income.

Total Debts  
Monthly Mortgage or Rent (including escrow):
Monthly Auto or Other Installment Loan Payments:
Minimum Monthly Credit Card Payments:
Minimum Credit Line Payments (home equity):
Monthly Real Estate Non-Income Loan Payments:
Monthly Alimony and Child Support Payments:
Monthly Tax and Legal Assessments:
Monthly Other Payments:
Total Income  
Monthly Gross Salary or Pay:
Annual Bonus:
Monthly Alimony / Child Support:
Other Monthly Income:
Monthly Debt Payments:
Monthly Gross Income:
Debt-to-Income Ratio (should be around 36%): %

Debt Ratio Barometer:

  • 36% or less:
    debt level within acceptable range for most people.

  • 37%-42%:
    debt level a little high, need to take corrective action to bring debt level down. You may consider paying off or consolidating some of your debt.

  • 43%-50%:
    danger level, need to take immediate action before you lose control of your financial situation.

  • 50% or more:
    excessive debt loan, may need to seek credit counseling services
* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations.
Build a Family Budget
Use these budgeting tips to build up savings for a down payment or to payoff your mortgage:
  • budget spending amounts
  • allocate money sources
  • budget cash
  • download: budgeting wkst

Jump over to our budgeting tool set for information

view budgeting tips - wkst