Consolidate your debt

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Consolidate your debt

A cash-out refinance can give you money in your pocket to help make home improvements, consolidate existing debt, buy a new car, pay college tuition or finance other goals. With this kind of refinancing, you will pay off your current mortgage loan and take out a new mortgage at a higher amount. You will need to have adequate equity in your home to make this possible.

Example: The Smiths' home is appraised at $175,000 and they have $108,000 and 25 years remaining on a 30-year fixed-rate mortgage. They want to get $25,000 cash out of their refinance to pay off their credit card debt and put a downpayment on a new car.


Mortgage amount Rate Term Monthly P&I Payment Cash out Cash out
Current mortgage $108,000 5.25% 25 years remaining on 30-year fixed $673 N/A
Refinance/new mortgage $132,000 4.75% 30-year fixed $689 $25,000

NOTE: You may also want to consider a i3 Lending Home Equity Loan , which feature lower closing costs than mortgages and allow you to get the cash you need from your home's equity.

Stop stressing about debt and call (888) 975-1374 or fill out the form. Get in touch with us

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  • Alabama : Consumer Credit License NMLS# - 22208.
  • California : Loans made or arranged pursuant to a California Finance Lenders Law license (603L562).
  • Colorado : i3 Lending, Inc., (888) 975-1374 NMLS# - 1020884. Regulated by the Colorado Division of Real Estate.
  • Delaware : Licensed Mortgage Loan Broker, Broker License# - 012797, Lender License# - 019014.
  • Florida : Mortgage Lender License# - MLD1115.
  • Louisiana : Residential Mortgage Lending License NMLS# - 1020884.
  • Maryland : Mortgage Lender License# 06-20724.
  • Michigan : Mortgage Broker/Lender License: i3 Lending, Inc., NMLS# - FL0019528.
  • Mississippi : Mortgage Lender License NMLS# - 1020884.
  • New Jersey : Loans made or arranged by third parties. Licensed by the N.J. Department of Banking and Insurance. Correspondent Residential Mortgage Lender License #NJ-C-01020, NMLS# - 1020884.
  • North Carolina : Mortgage Loan Act Certificate of Registration: i3 Lending, Inc., NMLS# - L-162337.
  • Ohio : Mortgage Loan Act Certificate of Registration: i3 Lending, Inc., NMLS# - SM.501900.000. 1900 Boothe Circle, Suite #100, Longwood, FL 32750
  • Pennsylvania : Licensed by the Pennsylvania Department of Banking and Securities under Mortgage Loan Correspondent Lender License #45072, NMLS# - 50211.
  • South Carolina : DCA Mortgage Broker License NMLS# - MB-1602200.
  • Tennessee : (Mortgage License# - 115450).
  • Texas : Licensed by the Texas Department of Savings and Mortgage Lending, License # 1020884.
  • In Texas - Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the TEXAS department of savings and mortgage lending, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550.
    The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, Please consult the department’s website at www.sml.texas.gov.

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