Debt Consolidation
Take Control of Your Debt — and Your Financial Future
If you're juggling multiple high-interest debts, you're not alone—and you're not stuck. Rolling your debts into your mortgage through consolidation can be a powerful way to regain control of your finances. It allows you to lower your overall interest rate, simplify your payments, and free up monthly cash flow—all while making real progress toward becoming debt-free.
Debt consolidation can also help reduce financial stress, improve your credit score over time, and give you the clarity and breathing room you need to move forward with confidence.
This option is especially helpful if you’re carrying high balances on credit cards, personal loans, or lines of credit, and you're only making minimum payments. If you own a home and have some built-up equity, consolidating your debt into your mortgage could be the reset you’ve been looking for.
Will debt consolidation hurt my credit score?
In most cases, debt consolidation can actually improve your credit score over time—especially if it helps you make consistent, on-time payments and reduce your overall debt load.
Initially, you may see a small dip in your score due to a credit inquiry or changes to your credit utilization. But in the long run, consolidating your high-interest debts into one manageable mortgage payment can lead to better credit habits and a healthier financial profile.
Do I need a lot of equity to consolidate my debt?
You don’t need a fully paid-off home to consolidate your debt—but you do need some equity.
Most lenders allow you to borrow up to 80% of your home’s appraised value, including your current mortgage balance. So, if you’ve built up enough equity, you may be able to roll high-interest debts like credit cards or personal loans into your mortgage—giving you one lower-interest payment and more breathing room each month.
Can I consolidate my debt if I have bad credit?
Yes—you may still be able to consolidate your debt even with bad credit.
Lenders look at more than just your credit score. If you own a home and have built up enough equity, you might qualify to roll your high-interest debts into your mortgage, even if your credit isn’t perfect. In fact, debt consolidation can be a smart step toward rebuilding your credit, as it simplifies your payments and can reduce the risk of missed or late payments.
I really enjoyed working with Nancy again. She does a fabulous job and takes the time to get the best rates for you. I would highly recommend Nancy for your future mortgage. She goes the extra mile every time.Thanks Nancy!!!! Thank you Tracy and Cindy for their commitment to securing me a mortgage. Absolutely wonderful ladies to work with and would highly recommend them for your mortgage needs. Sept 2024
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Patsy Demetriou
4 years ago
Tracy Valko and the team at Valko Financial provided exceptional customer service with professionalism and kindness. Tracy continually checked in to answer all of our questions and made the whole process go smoothly. She was very caring and thorough and went over and above to help guide us with her expertise. She always gave us good advice and was honest and direct. Her expert knowledge in this field made things easy to understand. Her positivity and the genuine care she showed us, put us at ease right from the start. I would highly recommend Valko Financial for your mortgage needs! Thank you for your exceptional service!
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Diane Schlegel
10 days ago
The team at Valko Financial is truly incredible. They have expert knowledge in this field, keep in regular contact to support you as you navigate this process, and go above and beyond with kind customer service. I feel that they built trust immediately through their expertise and genuine care. I have nothing but incredible things to say about Tracy Valko. Buying a home for the first time is a stressful experience, and she took me right under her wing to help mitigate my stress and help guide me through the mortgage process, all while keeping such a positive and uplifting attitude. She is a remarkable human being with such a commitment to her role/company. She helped me find a great rate with a solid mortgage company. Also, she was professional and efficient with the paperwork side of things. I am so grateful to have had the support and guidance from this team! I could tell that they genuinely cared about me and wanted the best for me as a first time home buyer. Working with them is a MUST! Truly, you will not regret it. Thank you thank you thank you, from the bottom of my heart. Much appreciation and warmest regards, Justine
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Justine Schlegel
18 days ago
You’re not alone — there is a way out.
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