Merge high-interest credit card and loan debt into your mortgage and cut your monthly payments significantly. Sarah Colucci structures debt consolidation mortgages for Ontario homeowners — lowering interest costs and freeing monthly cash flow. Free analysis. Call 647-773-4849.
Mortgage eligibility and pricing depend on the property, requested loan amount, verified income, credit history and each lender's current guidelines. Sarah reviews the complete application rather than relying on one advertised rate or one automated rule.
Sarah Antonia Colucci is a licensed Mortgage Agent Level 2 with access to more than 50 lenders. She compares available mortgage structures, explains costs and restrictions, and identifies the documents a lender will need before an application is submitted. The initial consultation is free, and recommendations remain subject to lender review, property acceptance and full underwriting.
A useful review normally includes the mortgage balance or purchase price, available equity or down payment, household income, monthly obligations, credit history and the client's short- and long-term plans. Looking at these details together helps distinguish a low headline rate from a mortgage that actually fits the client's situation.
The savings depend on your debt balances and current rates. A typical scenario: $60,000 in credit card debt at 20% costs $12,000/year in interest. The same balance in your mortgage at 5% costs $3,000/year — a saving of $9,000 annually, or $750/month. Add reduced car loan payments and the savings compound quickly.
It's a powerful financial tool when used correctly. The risk is extending short-term debt over a long amortization — you save monthly but pay more total interest if you stretch the balance over 25 years. I model both the short-term cash flow relief and the long-term total cost, so you see the full picture. Many clients use the monthly savings to make extra mortgage payments, eliminating the debt faster.
Any debt can be consolidated — credit cards, car loans, personal lines of credit, student loans, medical debt, tax debt, or private loans. The only requirement is that you have enough equity in your home to cover the additional balance while staying under 80% LTV.
A HELOC is often better for revolving debt because you draw only what you need and can pay it back flexibly. A refinance is typically better for larger, fixed debt amounts or when you also want to lower your mortgage rate simultaneously. I'll model both options and tell you which saves more in your specific situation.
For a personalized review, call Sarah at 647-773-4849 or request a free consultation. Rates, qualification and product availability can change without notice and are confirmed only through a complete lender application.