DEBT MERGING HAPPY

Let us outline the best mortgage options to pay off debt and increase your cashflow.

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Consolidating high interest debt, like credit card balances and auto loans into a low interest mortgage can save you thousands in interest. Mortgages come with the lowest interest rates because they are secured by an asset, your home.
To decide if the best option for you is to consolidate debt into your mortgage, start by determining how much available equity you have. In Canada, this is calculated by taking 80% of your home’s value and subtracting any existing mortgage, what remains is your equity.
Since refinancing requires changes to your existing contract with your lender and creating a new mortgage, you may have to pay a penalty. This penalty can vary due to a number of factors which is why we help you crunch the numbers in advance.
It’s certainly worth reviewing if you have any debt including credit card(s), loans or lines of credit; we’ll help you weigh out the costs of early payout penalty and merging your debt into your mortgage.
Life is a lot less stressful with one single payment. 

We’re happy to help you review your situation anytime!  Simply click on the START HERE button in the top corner 

Resources around debt consolidation

Reposition Your Debts Through Mortgage Financing

If you’ve collected high-interest debt over the last while, but you have a sizeable amount of home equity, consider accessing your home equity through a mortgage refinance to lower your overall cost of borrowing and become debt-free sooner.

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Alternative Lending Provides You With Options

Alternative lending provides you with mortgage options that fall outside the normal banking channels. Learn more about the choices you have available to you.

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Improving Your Credit Score

Did you know that roughly 20% of credit reports have misinformation on them? Learn more about how regularly reviewing your credit report is an integral part of credit management.

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Benefits of Working with an Independent Mortgage Professional

Buying a property might be easier than you think. So, if you have NO desire AT ALL to qualify for a mortgage, here are some great steps you can take to ensure you don’t accidentally buy a property.

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Please connect anytime. It would be a pleasure to work with you.