Get cash. Pay debt. Your guide to best credit card debt consolidation loans
Navigating Debt: Simple Local Strategies for a Debt-Free Future
how to get out of debt
Understanding Debt Consolidation Mortgages!
What Are Debt Consolidation Loans Canada?
Refinance for debt consolidation using the equity in your home is a financial solution to help when you’re juggling multiple high-interest debts. Best home equity debt consolidation loans allow you to combine all your outstanding bills - credit cards, car loans, and other costly loans—into a single, more affordable loan.
Refinance for debt consolidation using the equity in your home is a financial solution to help when you’re juggling multiple high-interest debts. Best home equity debt consolidation loans allow you to combine all your outstanding bills - credit cards, car loans, and other costly loans—into a single, more affordable loan.
Struggling with credit card debt? Get debt relief with a debt consolidation mortgage.
How to get our of debt? Homeowners struggling with multiple high-interest debts should consider exploring home equity debt consolidation loans Canada mortgage market offers.
Best home equity debt consolidation loans in Canada allow you to combine several high interest debts into a single, more affordable loan. You end up with a single lower monthly payment instead of juggling several bills. The goal is to save money on interest and simplify your repayment process leading to paying off your debt faster, make your financial life easier and save money.
The goal is to save money on interest, simplify and make repayment affordable and stress-free for you. Navigating debt does not have to be a struggle. The Canadian mortgage market offers many simple strategies for a debt-free future.
Best home equity debt consolidation loans in Canada allow you to combine several high interest debts into a single, more affordable loan. You end up with a single lower monthly payment instead of juggling several bills. The goal is to save money on interest and simplify your repayment process leading to paying off your debt faster, make your financial life easier and save money.
The goal is to save money on interest, simplify and make repayment affordable and stress-free for you. Navigating debt does not have to be a struggle. The Canadian mortgage market offers many simple strategies for a debt-free future.
Unlock Your Tax-free Home’s Equity: Your Guide to Financial Freedom
Explore the Debt Consolidation Process.
Why consider debt consolidation? Let’s weigh the benefits.
Canadians are carrying almost double their disposable income in debt. Debt consolidation loans step in to streamlines payments, reduce interest costs, and reduce stress. Whether you’re drowning in credit card debts or other loans, this solution helps you breathe easier.
Why consider debt consolidation? Let’s weigh the benefits.
Canadians are carrying almost double their disposable income in debt. Debt consolidation loans step in to streamlines payments, reduce interest costs, and reduce stress. Whether you’re drowning in credit card debts or other loans, this solution helps you breathe easier.
How to pay off debts
This debt consolidation loans Canada guide gives you a look at the best options available to you.
Imagine your home as a tax-free treasure chest. Inside lies equity—the difference between your home’s value and what you owe. With a home equity loan, you can tap into this treasure up to 80% of its appraised value to consolidate debt. Depending on your credit, the overall amount of interest you will pay can often be lower than the mountain of expensive debt you are carrying.
The refinance for debt consolidation can be at the end of your mortgage term or you break your existing mortgage to consolidate debts up to 80% of your home’s value.
How to consolidate debt and pay off debt faster:
OLD mortgage @ 3%, 25 yr. amortization |
Balance |
Payment |
NEW mortgage @ 5%, 30 yr. amortization |
Payment |
Mortgage |
$400,000 |
$1,893 |
NEW Mortgage |
$475,000 |
Car Loan |
$ 22,000 |
$ 675 |
Paid Off |
$ 0 |
Credit Cards |
$ 25,000 |
$ 750 |
Paid Off |
$ 0 |
Personal Loan |
$ 12,000 |
$ 350 |
Paid Off |
$ 0 |
Mortgage Penalty |
$ 7,000 |
$ 0 |
Paid Off |
$ 0 |
Total Current Debts |
$466,000 |
$3,668 |
NEW Payment |
$ 2,545 |
The above applicant saves money on mortgage payments a $1,133 a month or $13,596 in one year.
* The interest rates in the above example are for illustration only and do not represent actual interest rates that may not apply to individual applications.
* The interest rates in the above example are for illustration only and do not represent actual interest rates that may not apply to individual applications.
Debt management solutions Canada
Why consider debt consolidation?
Let’s weigh the debt consolidation mortgage benefits.
Debt consolidation process involves creating a plan to repay debts in an orderly manner. Canadian homeowners can benefit from strategies such as negotiating lower interest rates, setting up payment schedules, and prioritizing high-interest debts. Debt management aims to reduce financial stress and improve your overall credit and financial health.
Debt consolidation process involves creating a plan to repay debts in an orderly manner. Canadian homeowners can benefit from strategies such as negotiating lower interest rates, setting up payment schedules, and prioritizing high-interest debts. Debt management aims to reduce financial stress and improve your overall credit and financial health.
How can debt consolidation loans help you?
**You’ll get credit card debt relief**: Imagine finally getting control over your credit card debts. With a debt consolidation loan, you can pay off those high-interest credit cards.
**You will simplify payments**: Instead of keeping track of various due dates, you’ll make just one low monthly payment.
**You lower the amount of interest you pay**: Debt consolidation mortgage can reduce the amount of overall interest you pay.
**You will boost your cash flow, save money on mortgage payments**: By refinancing your home mortgage and paying off several of your expensive debts, you will boost your cash flow. You can free up hundreds of dollars or more each month. Lower monthly payments mean more money that stays in your pocket, not the creditors.
**You’ll improve credit score**: Managing debt responsibly will improve your credit score.
**And, you get a fresh start**: Debt consolidation gives you a chance to start new without the weight of overwhelming debt.
**You will simplify payments**: Instead of keeping track of various due dates, you’ll make just one low monthly payment.
**You lower the amount of interest you pay**: Debt consolidation mortgage can reduce the amount of overall interest you pay.
**You will boost your cash flow, save money on mortgage payments**: By refinancing your home mortgage and paying off several of your expensive debts, you will boost your cash flow. You can free up hundreds of dollars or more each month. Lower monthly payments mean more money that stays in your pocket, not the creditors.
**You’ll improve credit score**: Managing debt responsibly will improve your credit score.
**And, you get a fresh start**: Debt consolidation gives you a chance to start new without the weight of overwhelming debt.
Who qualifies for debt consolidation mortgage?
Who qualifies for debt consolidation mortgage? Homeowners seeking debt relief.
If you own a home, you can tap into its tax-free equity (the value beyond what you owe up to 80% of it’s appraised value) to pay off existing debts. You replace multiple loans, eliminate high-interest credit card debt, and other costly loans, into a single loan. You’ll end up with just one loan to manage, often with lower monthly payments.
Is It Right for You?
Ask yourself:
If your answer is yes, it’s never too late to shed that burden. A home equity debt consolidation mortgage could be your lifeline, tailored to your unique situation. Consider tapping into your tax-free home equity to lighten the load. And yes, it saves you money!
Over ten years, carrying even a small credit card balance while making minimum payments can cost you thousands of dollars in interest and service charges. This is what makes getting out of debt so difficult.
A debt consolidation mortgage can simplify your financial life and pave the way towards a debt-free future.
If you own a home, you can tap into its tax-free equity (the value beyond what you owe up to 80% of it’s appraised value) to pay off existing debts. You replace multiple loans, eliminate high-interest credit card debt, and other costly loans, into a single loan. You’ll end up with just one loan to manage, often with lower monthly payments.
Is It Right for You?
Ask yourself:
- Are you drowning in debt?
- Are maxed-out credit cards weighing you down?
- Do you worry how to pay off credit card debt?
- Does your paycheck vanish as soon as bills are paid?
- Are you self employed and cannot prove income on your tax returns?
- Is your credit suffering due to debt stress?
If your answer is yes, it’s never too late to shed that burden. A home equity debt consolidation mortgage could be your lifeline, tailored to your unique situation. Consider tapping into your tax-free home equity to lighten the load. And yes, it saves you money!
Over ten years, carrying even a small credit card balance while making minimum payments can cost you thousands of dollars in interest and service charges. This is what makes getting out of debt so difficult.
A debt consolidation mortgage can simplify your financial life and pave the way towards a debt-free future.
Own a Home? Explore Debt Consolidation Options
Evaluate Your Situation: Assess your debt load and choose the right consolidation method.
Let’s explore your options:
**Good credit and income**: If your credit score and income are solid, you may qualify for the best interest rate mortgage loans from banks and other prime lenders, up to 80% of appraised home value.
**Home equity line of credit (HELOC)**: Is a revolving credit line backed by the equity in your home up to 75% of appraised value.
**Flexible alternative debt consolidation options**: Is a good solution even if your income falls short to qualify for mortgage, or your credit is a bit low to qualify for mortgage with a bank.
**Self-employed individuals**: No proof of income on your tax returns, self employed mortgage offers debt help to small business owners who can't prove income through traditional tax returns.
**Reverse mortgage up to 55% of home value**: For homeowners with home equity, aged 55+ who do not have employment income.
**Bad credit situations**: Don't worry if you have credit problems; bad credit debt consolidation loans can still provide relief.
**Private mortgage lenders and second private mortgages**: Up to 80% of home value. When other options fail, private lenders in Ontario step in to help.
Top Debt Consolidation Help for Canadians Using Alternative Mortgage Lenders
Alternative Debt Consolidation Options
In the mortgage market, alternative lenders fill a huge role delivering the best debt consolidation solutions when bank financing is not an option. While their interest rates are higher than those of top-tier “A” credit lenders, they offer practical common-sense debt help for homeowners, including the self-employed small business owners who cannot prove income on their tax returns.
Alternative mortgage lenders focus on property quality and location. Generally, they avoid lending in small towns with populations under 100,000, run-down neighborhoods near commercial areas, or areas with low property values.
Debt Consolidation in Canada: Debt Help for Homeowners with Credit Problems
You can eliminate credit card debts even if you have poor credit
Facing credit problems?
Debt consolidation loans can be a lifeline, even if traditional banks or alternative mortgage lenders have turned you down for a mortgage. Here’s how it works: if you own a home with equity and can make regular payments, we can often get you the money you need.
If you’re struggling with debt, you’re not alone. Whether it’s credit card balances, car payments, or other costly loans, there’s hope. By consolidating your debts using the tax-free equity in your home, you can improve your monthly cash flow, regain financial stability, and say goodbye to the credit card debt and costly loans chaos!
There are many reasons why good people get into debt, if this is you – you’re not alone. Not everything in life is a perfect fit for bank’s lending requirements. You are hard-working homeowners, and you deserve suitable one-on-one mortgage help.
That is when alternative mortgage financing and private mortgage lenders steps in, offering outstanding solutions for home equity bad credit consolidation.
Debt consolidation loans can be a lifeline, even if traditional banks or alternative mortgage lenders have turned you down for a mortgage. Here’s how it works: if you own a home with equity and can make regular payments, we can often get you the money you need.
If you’re struggling with debt, you’re not alone. Whether it’s credit card balances, car payments, or other costly loans, there’s hope. By consolidating your debts using the tax-free equity in your home, you can improve your monthly cash flow, regain financial stability, and say goodbye to the credit card debt and costly loans chaos!
There are many reasons why good people get into debt, if this is you – you’re not alone. Not everything in life is a perfect fit for bank’s lending requirements. You are hard-working homeowners, and you deserve suitable one-on-one mortgage help.
That is when alternative mortgage financing and private mortgage lenders steps in, offering outstanding solutions for home equity bad credit consolidation.
Get Debt Consolidation Mortgage Advice
Get Expert Advice: Secure Your Financial Future!
Where Can You Get Debt Consolidation Loans?
Let us find you the right lender.
Picture a lending marketplace where lenders gather. Axcess Mortgage and Loans Financing are one of such spots in Canada, connecting borrowers with the perfect lender. We work with all credit scores—whether you’re a financial superstar or just starting your credit journey. Applying is a breeze: just submit your mortgage application proving us with your basic info, email us the docs needed and wait for approval (usually within 2-3 days), and here you go! Money is in your pocket.
Let us find you the right lender.
Picture a lending marketplace where lenders gather. Axcess Mortgage and Loans Financing are one of such spots in Canada, connecting borrowers with the perfect lender. We work with all credit scores—whether you’re a financial superstar or just starting your credit journey. Applying is a breeze: just submit your mortgage application proving us with your basic info, email us the docs needed and wait for approval (usually within 2-3 days), and here you go! Money is in your pocket.
Get expert debt help in Hamilton and Ontario wide
Debt consolidation mortgages can be a smart move but always seek professional advice before making financial decisions. You need to understand your options, costs, and repayment terms to benefit from top debt consolidation loans in Ontario.
Axcess Mortgage and Loans Financing are Hamilton mortgage brokers serving Ontario homeowners. We are known for flexible approvals and fast turnaround time. We work with many lenders and various credit scores and histories to make debt consolidation accessible to a wide range of Canadians. You will get expert help to evaluate different option to find the one that suits your needs and credit score.
We have helped many good people beat their credit card and other debts nightmares with a debt consolidation mortgage. So, if you’re a homeowner with equity, let’s custom fit a debt consolidation plan just for you. It could put hundreds of dollars, or more, back in your pocket every month!
Ready to take charge? Submit your online application. Mortgage approvals usually within 48 hours.
