Debt Consolidation Refinance in Greenwood Village, CO
Combine credit cards, personal loans or auto loans into one mortgage payment, and see the full cost before you decide. Randy is a CPA as well as a mortgage lender, so he shows you total interest and closing-cost payback, not just the new payment.
Randy Spierings, CPA, MBA Loan Officer · NMLS #217152 · Primary Residential Mortgage, Inc. NMLS #3094
⭐️⭐️⭐️⭐️⭐️ 5.00 (33 Google reviews)
A debt consolidation refinance is a cash-out refinance used to pay off higher-interest debts such as credit cards, personal loans or auto loans. You replace several payments with one mortgage payment, often at a lower rate than unsecured debt. If you are searching for debt consolidation help near you, a local lender who also reads the numbers like an accountant can make the decision clearer.
It can make a real difference to monthly cash flow, but it also turns short-term debt into long-term debt secured by your home. Randy walks you through both sides.
How it works
- Your home is appraised and a new, larger mortgage is set up.
- At closing, the agreed debts are paid off directly or with the cash proceeds.
- You make one monthly mortgage payment instead of several.
Questions Randy will help you answer
- How much will my total monthly payments go down?
- How much total interest will I pay over time, compared with paying the debts off on their current schedule?
- What do the closing costs add, and how long until they are recovered?
- What is the plan to avoid building the balances back up?
What Clients Says about Us
The CPA advantage
Randy is a CPA as well as a mortgage lender, with 30+ years as a CPA and 22+ years in residential mortgages with Primary Residential Mortgage, Inc. He looks at cash flow, tax timing and total cost of ownership, not just the rate, so you can see how the loan fits your full financial picture. He does not give tax advice for your specific return; talk to your own tax professional before you decide.
Randy is a loan officer with Primary Residential Mortgage, Inc. (PRMI), a direct lender that funds, underwrites and originates loans in-house. That means decisions get made under one roof instead of being passed between brokers and wholesalers.
Clients know Randy for his “Home Ownership 101” approach: he walks through the actual math, such as break-even points on a refinance, rent-versus-buy modeling and the long-term cost of a 30-year fixed versus a 15-year or an ARM.
Related options
Client's Experience
★★★★★
"Working with Mr. Spierings has been a fantastic experience. He is knowledgeable, responsive, encouraging and supportive. He is engaged throughout the whole process and brings a sense of ease. He is very professional and I highly recommend working with Mr. Spierings for anyone looking mortgage loans."
— Chasity McKinnon
★★★★★
"Randy is a true professional. The trust is here. Always a pleasure to work with. Honest, Reliable, Super Knowledgeable. Randy is always willing to go Above and Beyond to help our clients! The best of the best."
— Bill Maher
★★★★★
"Randy Spiering and Primary Residential Mortgage help Ruth and I refinance during Covid. He negotiated a 2.75% interest rate for us. This allowed us to enhance our use of funds. Thank you, Randy, and Crew. Incredible foresight."
— Joe Douglas
Frequently asked questions
1. Which debts can I consolidate?
Commonly credit cards, personal loans, auto loans and medical bills. Randy will review your list and the program rules.
2. Will this lower my monthly payment?
In many cases total monthly payments go down, but the result depends on your balances, rates and the new loan. Randy will show the numbers before you decide.
3. Is it risky?
The debt becomes secured by your home, and stretching it over a longer term can increase total interest. That is why Randy reviews the full cost, not just the payment.
4. Does it affect my credit?
Applying involves a credit check, and paying off accounts changes your credit profile. Randy can explain what to expect.
Have any questions? Don’t hesitate to reach us.
Committed to empowering you with the information needed to make confident, informed decisions about your mortgage. Feel free to reach out to us for personalized guidance and support tailored to your needs.
Talk it through with Randy
Ready to Get Started?
We’re dedicated to equipping you with all the information you need to make well-informed decisions about your mortgage. Don’t hesitate to contact us for personalized assistance tailored to your unique needs.
Randy Spierings NMLS #217152 | Primary Residential Mortgage, Inc. NMLS #3094. Equal Housing Lender. PRMI is licensed in Colorado through the Colorado Division of Real Estate. This is not a loan commitment or an offer to lend. Not all applicants will qualify. All loans are subject to credit approval and underwriting guidelines. Rates and terms are subject to change without notice.