Cash-out refinance
Replace the current first mortgage with a new mortgage, potentially with proceeds for debt payoff.
A CLOSER LOOK
Understand the decision before you act.
Cash-out refinancing, a fixed home equity loan, a HELOC, or waiting can carry very different costs and risks. Using the house to pay unsecured debt deserves a clear comparison.
Second mortgage or HELOC
Keep the first loan and add a second payment or revolving line, if eligible.
Wait or use another plan
Compare total repayment cost, variable-rate risk, and whether the debt could build up again.
Keep the next step personal
Request a confidential review →No online guide knows every detail of your mortgage, other obligations, and state rules. Talk with the servicer and a qualified adviser before making a high-stakes payment decision.