Debt consolidation is about taking out an equity home mortgage loan to consolidate several unmanageable debts or refinance a first or second home mortgage. Essentially, debt consolidation can help to eliminate stress by allowing you to pay just one easy-to-manage low-interest monthly payment, which could save you money over the long term.
To reduce your debt even more quickly, you can take the money you save each month in interest charges and put it back into the equity home mortgage. Even without a change in lifestyle, this extra cash infusion onto your home mortgage loan will help you pay it off faster. That’s the joy of compound interest and a debt consolidation equity home mortgage loan.
Because Canadalend.com mortgage agents are licensed and independent, they can draw from all private mortgage lenders who provide a variety of mortgage products. Whether your credit score is perfect or you’ve had issues, or have even faced bankruptcy, the debt consolidation specialists at Canadalend.com can help you obtain a financial solution that will not just make paying off your debts more manageable but will also help you secure the lowest possible interest rates available.
When you are:
If you’re feeling overwhelmed by monthly bills and mounting interest charges, you might want to consider consolidating your debts. The licensed independent agents at Canadalend.com are dedicated to helping you secure the debt solution plan best designed to fit your budgetary and lifestyle needs.
Consolidating your debt with a much lower mortgage interest rate means that if you don’t lower your monthly payments, you can pay down the principal much quicker, as history shows. This has the added benefit of allowing to you keep more and more of your own money.
Thanks to lower mortgage interest rates, your monthly payments are also lower. As a result, you can either take that “found” money and either pay down your consolidated loan or use it for household expenses.
Debt consolidation doesn’t just help you save time and money—it also helps streamline the debt repayment process. This has the added benefit of decreasing your financial stress.
Unlike large banks and other mortgage lending institutions, Canadalend.com works for you. We understand your financial needs are not bound by regular banking hours, and that you may have to consolidate debt or access your home equity as quickly as possible.
If you’re a homeowner and you wish to see if you qualify for a debt consolidation home equity loan in the GTA and Ontario, contact Canadalend.com or apply online and a mortgage specialist will help set up an appointment for a personal consultation to review your debt consolidation options at your earliest convenience.