Are you a homeowner looking to consolidate your debt into One LOW Payment? You’re not alone.
Sometimes in life, we overspend! For the most part, for reasons beyond our control such as getting a new business off the ground, necessary home improvements or paying off bills or student loans.
Unfortunately due to high-interest credit card charges, your unsecured debt balance can grow over time — requiring you to repay far more than you originally borrowed — making it impossible to pay off without the help of a lower interest solution.
What if you could get a lower interest rate and pay off all that accumulated debt faster? That might sound too good to be true, but it’s the principle behind debt consolidation. By consolidating your debt, you are essentially obtaining a new lower interest loan to pay off several smaller loans, debts or bills that you are currently making payments on.
With a lower interest rate, more of your payment goes toward paying off the principal rather than the interest, helping you to save money and get out of debt faster. As a homeowner, up to 80% of the appraised property value of your home can be used for debt consolidation.
What Are the Steps to Consolidating Debt?
The process is quite simple. Let us know the estimated value of your home and outstanding mortgage balance, as well as how much you need. We’ve created a handy home equity calculator to enter this information and to determine the amount that you would qualify for to consolidate your debt if you used the equity in your home.
If we can determine that there is enough equity available to help you, then we can complete a mortgage application together and get the process started. It’s that easy. Oh, did we forget to mention that there is no obligation and our services are free 99% of the time (O.A.C)?
Refinance to Consolidate Your Debt
Our trusted lending partners offer mortgage solutions to help consolidate your debt and have you come out the other end paying lower payments, all while still getting the debt paid off faster than you would have otherwise.
If you are ready for a FREE No-Obligation discussion, please contact us at 604-614-6899 or Apply Now to see if refinancing for debt consolidation is right for you. One call alone could save you thousands of dollars!
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