Skip to Content

Debt Consolidation

Lending options that fit your lifestyle.

If you’re feeling like your debt balances are starting to weigh you down, you’re not alone. According to a recent study, 80.9% of baby boomers, 79.9% of Gen Xers and 81.5% of millennials carry some form of debt. Paying off debt is an important step in securing your long-term financial freedom. FNBO is here to help.

We offer a variety of debt consolidation solutions to fit your lifestyle that may reduce your monthly payments as well as enable you to get out of debt quicker.

Check out our blog for more insights - How to Get Out of Debt

Couple signing mortgage refi documents

Consolidate Debt by Refinancing Your Mortgage

Take advantage of historic low interest rates and built equity to get the cash you need to pay off your higher-interest debt. Make one monthly payment and you may be paying less overall every month.

Check out our blog for more insights - Should You Refinance Your Mortgage to Pay Down Debt?

Learn More
Couple getting a home equity line of credit to consolidate debt

Consolidate Debt by taking out a HELOAN or HELOC

A home equity loan (HELOAN) is a type of second mortgage that allows you to borrow against the available equity in your home. Our FNBO Home Equity Loans have competitive interest rates and a variety of payment terms to meet your needs.

A home equity line of credit (HELOC) is another type of second mortgage. Instead of a lump sum, a HELOC is a revolving line of credit that allows you to borrow money against a limit determined by the equity you’ve built through home ownership. You pay interest only on the amount you use.

Learn More
Couple signing personal loan documents to consolidate debt

Consolidate Debt by taking out a Personal Loan

Personal loans are typically unsecured, which means they don’t require collateral like a home equity loan, and as a result are accessible to almost anyone. Borrowers may qualify for a personal loan that has a lower interest rate than current debts, such as credit cards, making them a good option for debt consolidation.Learn More
A young woman opening a new credit card to consolidate debt to a lower rate

Consolidate Debt via a balance transfer to a new Credit Card

Well qualified borrowers may be eligible to transfer their existing balance from a higher-interest credit card to one with a lower annual percentage rate (APR). Some credit cards allow you to transfer a balance with no fees and allow payments without interest for up to 12 months or longer, which can buy you the time needed to pay down the outstanding balance quicker, while saving you money each month.Learn More