MASSACHUSETTS HOMEOWNERS

Could Your Home Equity Help Lower Your Monthly Debt Payments?

If you’re carrying high-interest credit cards, personal loans or other consumer debt, a cash-out refinance may give you another way to structure those payments. See whether the numbers are worth exploring — without starting a mortgage application.

No Obligation | No Credit Pull for Your Initial Review

WHAT COULD YOUR EQUITY CHANGE?

You’ve Built the Equity. Now See What It Could Do for Your Monthly Cash Flow.

If credit cards, personal loans or other debts are taking a big bite out of your monthly budget, your home equity may give you another option.

A cash-out refinance can potentially pay off selected debts and replace multiple monthly obligations with a new mortgage structure.

The question is whether the numbers work in your favor.

Find Out in About 60 Seconds

Enter a few basic numbers about your home, mortgage and monthly debts. You'll get a quick preliminary look at whether using your home equity through a cash-out refinance may be worth exploring.

🔒 Free assessment • No credit impact • Massachusetts homeowners only

Your Preliminary Review

What We'll Look At

A few basic numbers can show whether your home equity may give you an option worth exploring.
1
Your Home Equity
We'll estimate how much equity you've built and how much may potentially be available.
2
Your Current Debt Payments
We'll look at what credit cards, personal loans and other selected debts are costing you each month.
3
A Possible Refinance Structure
We'll look at what a cash-out refinance could look like if selected debts were paid from the proceeds.
4
Your Monthly Cash Flow
We'll compare your current monthly obligations with a possible refinance structure to see whether the difference could be meaningful.
5
The Longer-Term Tradeoff
Closing costs, interest and loan term matter too. A lower monthly payment only helps if the overall strategy makes sense for you.
The goal isn't just a lower payment.
It's a better financial decision.
Your numbers drive the analysis — not a generic example.
Your 60-Second Preliminary Review

Let’s See What Your Numbers Look Like

Enter a few basic details about your Massachusetts home, current mortgage and monthly debts. We’ll use them to give you a preliminary look at whether a cash-out refinance may be worth exploring.
Step 1 of 3 — Your Home

Tell Us About Your Home

Estimates are fine. You don't need exact figures for this preliminary review.

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Tell Us About the Debts You'd Like to Evaluate

Enter the balances and monthly payments you'd like included. Leave anything that doesn't apply blank.

Credit Cards
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Personal Loans
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Auto Loans
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Other Debt
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Build Your Cash-Flow Illustration

Use the live mortgage market index as a reference, then enter the rate you'd like us to use in your hypothetical calculation.

Live Mortgage Market Reference
The Optimal Blue Mortgage Market Index can help you select a reasonable rate assumption. It is not a personalized rate quote.
Market index information is provided by Optimal Blue. Rates actually available to a borrower may differ based on credit, loan-to-value, property type, occupancy, loan amount, market conditions and other factors.
Choose the Assumptions for Your Illustration
These assumptions are used only for a hypothetical calculation and are not a rate quote, approval or guarantee.
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Loan term used for illustration: 30-year fixed
Your Preliminary Illustration

Here's What Your Numbers Could Look Like

Potential Monthly Payment Savings
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LESS PER MONTH
Your Current Structure
Current Mortgage P&I —
Selected Debt Payments —
Monthly Total —
→
Illustrative Refinance
New Estimated P&I —
Selected Debt Payments $0
Monthly Total —
Debt Evaluated
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Estimated Closing Costs
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Illustrative New Loan
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Estimated LTV
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Illustration only. Payment is based on the rate and assumptions you entered and is not a mortgage quote, commitment, approval or guarantee of savings. The comparison uses principal and interest only. Taxes, insurance, mortgage insurance, association dues and other housing expenses are not included. Actual rates, costs and eligibility depend upon borrower and property qualifications and underwriting requirements.
Your Personalized Review

Want Steve to Take a Look at Your Numbers?

Send me the preliminary scenario you just created and I'll personally review the assumptions to see whether they're realistic — and whether a cash-out refinance is actually worth considering.

What Happens Next

A Real Mortgage Review — Not an Automated Sales Pitch

I'll look at the numbers you entered, consider the mortgage structure, and help you understand whether the potential monthly payment savings justify replacing your current loan.
  • Review the assumptions I'll look at whether the rate, loan amount and closing-cost assumptions are realistic for your situation.
  • Look beyond the monthly payment We'll consider closing costs and the longer-term tradeoffs — not simply whether the new payment is lower.
  • Get a straight answer If refinancing doesn't appear to make financial sense, I'll tell you that too.
Steve Tomaselli
Mortgage Loan Originator
NMLS #358920
Edge Home Finance LLC · NMLS #891464
Call Steve: 508-243-1019

Have Steve Review Your Scenario

Enter your contact information below. I'll review your preliminary scenario and follow up using the information you provide.
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No obligation. No credit pull is required simply to review your preliminary scenario.
About Steve

Mortgage Experience Matters — Especially When the Numbers Aren’t Simple.

I’m Steve Tomaselli, a mortgage loan originator with more than three decades of experience helping homeowners evaluate mortgage options and make sense of the numbers behind them.

I spent decades working with homeowners and real estate professionals in Massachusetts, and I continue to originate loans there today. I’m licensed in Massachusetts, Texas and Florida and work with Edge Home Finance LLC, a mortgage broker with access to a broad range of lending options.

A debt-consolidation refinance isn’t automatically the right answer. A lower monthly payment can look attractive, but closing costs, available equity, loan term and long-term interest all matter too. My job is to help you look at the entire picture before deciding whether it makes sense to move forward.

When you submit your numbers, they aren’t disappearing into an automated quote engine. I personally review the scenario and follow up with you about what the numbers may mean for your situation.
Steve Tomaselli, Mortgage Loan Originator
Steve Tomaselli
Mortgage Loan Originator | NMLS #358920
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30+ Years of Mortgage Experience Helping homeowners understand financing strategies, tradeoffs and options.
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Massachusetts Mortgage Experience Decades working with Massachusetts homeowners and real estate professionals.
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NMLS #358920 Licensed in Massachusetts, Texas and Florida.
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Edge Home Finance LLC NMLS #891464
Call Steve: 508-243-1019 Check My Numbers
Edge Home Finance LLC · NMLS #891464. We arrange but do not make loans. Mortgage approval and loan terms are subject to borrower and property qualifications and underwriting requirements.
Frequently Asked Questions

Questions About Using Home Equity to Consolidate Debt?

Here are answers to some of the most common questions Massachusetts homeowners have before asking me to review their numbers.

Will checking my numbers affect my credit?
No credit pull is required for the preliminary review on this page. You can enter estimated information and have me review the scenario without beginning a formal mortgage application. If you later decide to move forward, a credit report and additional documentation may be required as part of the loan process.
Am I committing to refinance by submitting my information?
No. Submitting your numbers simply gives me enough information to perform an initial review. There is no obligation to proceed. The purpose is to determine whether a refinance may be worth exploring before you spend time on a full application.
What kinds of debt could potentially be consolidated?
Depending on the transaction and applicable loan guidelines, homeowners may consider paying off debts such as credit cards, personal loans, auto loans and other qualifying obligations. The specific debts that can be included and whether doing so makes financial sense depend on your individual situation.
How much equity do I need for a cash-out refinance?
There isn't one universal answer. The amount of equity that must remain in the property can vary based on the loan program, occupancy, property type, credit profile and other underwriting requirements. Your estimated home value and mortgage balance give us a starting point for determining whether the numbers are worth reviewing further.
Can closing costs be included in the new mortgage?
In many refinance transactions, some or all eligible closing costs may be included in the new loan amount, subject to available equity and applicable loan guidelines. Financing costs increases the amount borrowed, so I include that in the analysis rather than treating closing costs as though they don't matter.
Is a lower monthly payment always a good reason to refinance?
No. Monthly cash flow is only one part of the decision. A refinance can extend the repayment period, increase the total amount financed and affect long-term interest expense. That's why I look at the new payment together with closing costs, loan amount, available equity and the longer-term tradeoff.
Is the calculator result a mortgage approval or rate quote?
No. The calculator provides a preliminary illustration based on the information and assumptions entered. It is not a loan approval, commitment to lend, rate lock or guarantee of savings. Actual loan terms depend on borrower and property qualifications, current market conditions and underwriting requirements.
What happens after I ask Steve to review my numbers?
I personally review the information you submitted, including your estimated mortgage balance, home value, debts and payment assumptions. I'll then follow up with you to discuss whether the scenario appears worth exploring further. If you want to proceed after that conversation, we can discuss the formal application and documentation needed.

Still wondering whether the numbers could work for you?

Run the preliminary calculation and I'll personally review the scenario.

Check My Numbers
Edge Home Finance LLC · NMLS #891464. Steve Tomaselli · NMLS #358920. We arrange but do not make loans. All mortgage programs, terms and eligibility are subject to applicable guidelines and underwriting requirements.