Does it still benefit to Refinance?

Refinancing your mortgage can be more than just securing a lower rate—it can be a powerful tool for debt consolidation and monthly cash flow relief.

Mortgage interest rates may sometimes be far more favorable than other types of consumer debt, like high-interest credit cards or personal loans. By consolidating debt into your mortgage, you could:

• Lower your monthly payments

• Simplify multiple debts into a single loan

• Potentially save on total interest over time

The combination of reduced interest, a manageable loan term, and improved cash flow could make a meaningful difference for your finances.

Explore Your Options

Speak with a GMFS Mortgage Loan Officer to see what a tailored debt consolidation plan could do for you. Our team can help you evaluate your options and find the best path forward.

Find a local GMFS mortgage office near you:

• Baton Rouge, LA

• Denham Springs, LA

• Lafayette, LA

• Lake Charles, LA

• Covington, LA

• Mobile, AL

• Fairhope, AL

• Beaufort, SC

• Hattiesburg, MS

• Oxford, MS

Note: By refinancing your existing loan, your total finance charges may be higher over the life of the loan. Always consult with a tax advisor concerning tax implications of your mortgage.