ONE PAYMENT.
ONE LOWER RATE.
ZERO STRESS.
Roll high-interest credit cards, medical bills, and personal loans into your mortgage. See exactly how much you could save every month — without a single hit to your credit.
Takes 2 minutes • No credit impact
Illustrative example. Your savings depend on your equity, debts, and credit profile.
YOUR DEBT IS
QUIETLY DRAINING YOU.
Most homeowners don't realize they're paying 4–6x their mortgage rate on credit cards and personal loans. Meanwhile, equity is sitting in your home doing nothing. Here's the gap most people miss:
Most of every payment goes to interest, not principal.
*Rates illustrative — depends on credit, equity, and market. †Consult your tax advisor.
No judgment. No lectures. Just the math — and a path forward that simplifies everything.
No credit pull required • 2 minutes
FOUR STEPS.
ONE FRESH START.
Here's exactly how we turn the equity in your home into the breathing room in your budget.
Quick Conversation
A 15-minute call. List out your debts, your home value, your goals. No judgment, no commitment.
Custom Strategy
I model the full picture: current payments vs. consolidated payment, total interest saved, break-even timing.
Streamlined Underwriting
Document checklist, appraisal scheduling, and milestone updates. You always know exactly where things stand.
Debts Paid. Done.
At closing, your old debts get paid directly. You walk away with one mortgage, one payment, and real monthly relief.
SEE YOUR SAVINGS
IN 30 SECONDS.
Plug in your numbers. Get a real estimate of what consolidating could do for your monthly cash flow.
Like what you see? Get a personalized quote with your actual rate.
No credit impact • 2 minutes
LARRY STEINWAY
Regional Manager • VP of Residential Lending
New American Funding • NMLS# 223579
For 30+ years, I've helped homeowners use their biggest asset — their home — to solve their biggest financial headaches. Debt consolidation refinances are where I see the most dramatic results.
The difference between paying 24% on credit cards and 6% on a mortgage isn't theoretical — it's life-changing money over a few years. My job is to look at your full picture and tell you honestly whether consolidating makes sense, and if it does, build the strategy that gets you the most savings with the least friction.
No judgment about how you got here. Just a clear plan to move forward.
HOW DEBT CONSOLIDATION
REFINANCING WORKS
A 3-minute walkthrough from Larry showing the math, the timeline, and what to expect.
How Debt Consolidation Refinancing Works
Larry Steinway · New American Funding
FAMILIES WHO
BREATHE EASIER NOW.
"We were drowning in five different credit cards plus a personal loan. Larry walked us through the math without making us feel stupid. We rolled everything into our mortgage and now have $980 more every month. It's a different life."
Maria & David K.
Naperville, IL · Cash-Out Refi
"After my husband's surgery, the medical bills kept coming. We had a ton of equity sitting in our house. Larry made the whole process feel manageable — we closed in 28 days and our cash flow finally has room to breathe again."
Janelle R.
Skokie, IL · Cash-Out Refi
"I was nervous about touching my mortgage. Larry took the time to show me three different scenarios so I could see what the trade-offs really were. We went with the option that saved us the most without extending the loan too much. Honest, patient, and no pressure."
Tom & Linda H.
Evanston, IL · Cash-Out Refi
CREDENTIALS YOU CAN VERIFY.
NMLS Licensed
#223579
VP of Lending
Regional Manager
30+ Years
In Lending
2,400+ Closed
Loans Funded
QUESTIONS,
ANSWERED STRAIGHT.
Will consolidating my debt hurt my credit?
Most clients see their credit score improve within 60–90 days after closing. Paying off revolving balances drops your credit utilization significantly, which is one of the biggest factors in your score. The initial pre-qualification with me is a soft pull — zero impact on your credit.
How much equity do I need?
Most cash-out refinances allow you to access up to 80% of your home's appraised value. So if your home is worth $500,000 and you owe $300,000, you could potentially pull out up to $100,000 to consolidate debts (depending on credit and other factors). I'll run the exact numbers for your situation.
Won't I pay more interest over 30 years?
Honest answer: it depends on what you do with the savings. If you take the $800/month you're saving and apply some of it back toward extra principal payments, you'll typically pay LESS total interest than your original debt mix. I'll show you both scenarios — pay-as-scheduled and accelerated payoff — so you can choose the path that fits your goals.
How long does the process take?
Most cash-out refinances close in 30–45 days from start to finish. The first conversation takes 15 minutes. Pre-qualification takes 2 minutes. Once you're under contract, your old debts get paid off directly at closing — you don't have to do a thing.
What if I run up my credit cards again afterward?
This is a real risk and I won't pretend otherwise. The strategy works best when paired with a plan: keep one or two cards open for emergencies, but pay them off monthly. I'll talk through how successful clients handle this — it's a conversation we always have during your strategy call.
Do my current rates matter?
Yes — we look at your blended weighted rate across all debts vs. the new mortgage rate. If you're currently paying 18% blended on $40K of debt, even a higher mortgage rate of 7% can produce massive savings. Some clients have a low mortgage rate they don't want to lose; in those cases I'll evaluate alternatives like a HELOC or second mortgage.
STOP PAYING
22% INTEREST.
START LIVING.
You've worked hard to build equity in your home. Now let it work for you. Two minutes. No credit pull. No commitment.
Takes 2 minutes • No credit impact • No obligation
YOUR PERSONALIZED PAYOFF PLAN
WHY HOMEOWNERS
PICK LARRY.
Federally licensed mortgage professional. Fully verifiable on the NMLS Consumer Access registry.
Regional Manager and VP of Residential Lending — direct decision-making authority on your file.
New American Funding — one of the largest independent mortgage lenders in the country.
Pre-qualification uses a soft credit check — zero impact on your score until you decide to move forward.
Direct Line To Larry
(224) 595-8600THE NUMBERS DON'T LIE.
Real results from Illinois homeowners who chose to stop paying interest to credit card companies.
Avg. Monthly Savings
Across recent consolidation clients
Avg. CC Rate Eliminated
Replaced with single fixed rate
Days To Close
Typical timeline start to finish
Minutes To Pre-Qualify
Soft pull. No commitment.
Join the homeowners who stopped overpaying interest
