WE HAVE A MORTGAGE SOLUTION FOR YOUR UNIQUE SITUATION
Should you have sufficient equity in your home, many borrowers can benefit from a refinance by consolidating debt. We can help you decide if Debt Consolidation is right for you!
Characteristics of Debt Consolidation:
- The interest for all your debt included will be the same.
- You have only one loan to manage for all debts included.
- Debt Consolidation is not for everyone. If you’re having financial difficulties, consolidating your debt is not always the answer.
- Fixed rate for all debts included.
Debt Consolidation may not be for you if:
- You are unable to meet the repayments on the new loan.
- There are additional fees and charges including penalties for early payment or early termination of loans.
- The interest rate on your current debt is lower than the interest rate on the refinance.