Can I Consolidate My Debt Into A New Mortgage?
High interest credit card debt can become very expensive and a challenge to pay off completely. It’s common for borrowers to struggle with paying down high credit card balances by just making minimum monthly payments.
In order to reduce debt, more principal than interest needs to be paid. When a credit card is 19.999% interest and compounded daily, this becomes impossible for many people to do.
By refinancing your mortgage, you can consolidate high interest credit card debt or other loans into one low mortgage payment. At the same time, refinancing with the right payment plan, can also reduce your entire mortgage balance rapidly because you will be paying more principal and less overall interest.
Completing a total debt consolidation can reduce your mortgage payment, and avoid a consumer proposal or seeking credit counselling.
Debt consolidation can be completed through a complete refinance or obtaining a line of credit or home equity loan.
We can help you explore mortgage rates to choose a long term solution that works for you. Consolidate your debt today by calling us directly or filling out our online application.
In order to reduce debt, more principal than interest needs to be paid. When a credit card is 19.999% interest and compounded daily, this becomes impossible for many people to do.
By refinancing your mortgage, you can consolidate high interest credit card debt or other loans into one low mortgage payment. At the same time, refinancing with the right payment plan, can also reduce your entire mortgage balance rapidly because you will be paying more principal and less overall interest.
Completing a total debt consolidation can reduce your mortgage payment, and avoid a consumer proposal or seeking credit counselling.
Debt consolidation can be completed through a complete refinance or obtaining a line of credit or home equity loan.
We can help you explore mortgage rates to choose a long term solution that works for you. Consolidate your debt today by calling us directly or filling out our online application.
We are specialists in consolidating debt into mortgage loans.
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