Best loans for consolidating debt

Talk to a Home Loan Expert or use our refinance calculator to see if refinancing your home can help you consolidate your debt.Some states have limits on how soon or how often their residents can refinance a home loan; these limits are often designed to ensure that the refinance process benefits the homeowner.It’s possible to add the costs associated with getting a new mortgage into the total refinance amount to avoid paying anything out of pocket at closing.However, refinancing to get cash out or consolidate your debt may result in a longer loan term or a higher rate, and that might mean paying more in interest overall in the long run.That’s why we have six picks for best debt consolidation lender.Each offers transparent pricing, reasonable APRs, fixed interest rates, multiple options for loan amounts and payoff periods, and no pre-payment fees — exactly what you want in a lender.They cater to a variety of credit scores: Prosper, Marcus, and Lending Club are right in the middle and good options for borrowers with credit scores in the mid-to-upper 600s.The average So Fi lender has a credit score of 700.

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