Whether it’s a lost job, unexpected expenses, or overspending, people can get into debt trouble for many reasons. Fortunately, the debt consolidation experts at Canadalend.com can help those overwhelmed with debt to overcome the day-to-day financial stresses through debt consolidation.

What is Debt <strong>Consolidation?</strong>

What is Debt Consolidation?

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.

What can Canadalend.com do <strong>for you?</strong>

What can Canadalend.com do for you?

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 to consolidate your<strong> debt?</strong>

When to consolidate your debt?

When you are:

  • Drowning in debt
  • Overwhelmed by current interest rates
  • Getting calls from collection agencies
  • Facing accumulating bills
  • Overdue on your property taxes
  • Behind in your mortgage payments
The Advantages of a Debt Consolidation <strong>Home-Equity Loan</strong>

The Advantages of a Debt Consolidation Home-Equity Loan

Refinancing to consolidate your debt is a great way to save money, allowing you to:

Pay a significantly lower monthly interest rate

Quickly eliminate credit card debt

Deal with fewer total monthly payments

Consolidate all debt into one easy-to-manage monthly payment

Debt Consolidation: A Practical Tool for <strong>Refinancing</strong>

Debt Consolidation: A Practical Tool for Refinancing

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.

Top Reasons for Consolidating <strong>Your Debt</strong>

Top Reasons for Consolidating Your Debt

Lower Interest Rates

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 more quickly—years and years quicker, as history shows. This has the added benefit of allowing to you keep more and more of your own money.

Lower Monthly Payments

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.

Ease of Bill Payment

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.

Canadalend credit card
Resolving Multiple Debt Issues with <strong>Debt Consolidation</strong>

Resolving Multiple Debt Issues with Debt Consolidation

Debt consolidation aside, refinancing can also help you pay off your home mortgage more quickly. At Canadalend.com, we can help you refinance your mortgage at the best rates possible. You can either pay off your mortgage as quickly as possible, or reduce your monthly payments and use the extra cash for other household and lifestyle expenses.

Consolidating First and Second Mortgages
Some people are house-rich and cash-poor. For this reason among many others, you might want to consider a second mortgage. A second mortgage loan allows you to use the equity you’ve built in your home and access the funds you need.

Canadalend Debt Consolidation
Resolving Multiple Debt Issues with <strong>Debt Consolidation</strong>

Resolving Multiple Debt Issues with Debt Consolidation

Debt consolidation aside, mortgage refinancing can also help you pay off your home mortgage more quickly. At Canadalend.com, we can help you refinance your mortgage with the best mortgage rates possible. You can either pay off your mortgage as quickly as possible, or reduce your monthly payments and use the extra cash for other household and lifestyle expenses.

Consolidating First and Second Mortgages
Some people are house-rich and cash-poor. For this reason among many others, you might want to consider a second mortgage. A second mortgage loan allows you to use the equity you’ve built in your home and access the funds you need.
If you’re looking to free up equity in your home, a home equity line of credit (HELOC) is a flexible and easy way to access funds on an ongoing basis.

Private Mortgages for <strong>Debt Consolidation</strong>

Private Mortgages for Debt Consolidation

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.

What Do I Need for a Debt Consolidation <strong>Home Mortgage Loan</strong>

What Do I Need for a Debt Consolidation Home Mortgage Loan

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.

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