Pay Off Debts with a Debt Consolidation Mortgage
3 Steps to Explore This Option:
Determine your current mortgage balance: Call your lender or check your online account. Also, note your current mortgage term.
Submit the online form: Our team will promptly assess your eligibility for this mortgage option.
Gather your debt statements: If approved, we'll review all your debts and create a personalised plan to save you thousands in interest and monthly payments.
EXAMPLE:
Let’s assume you owe $60,000 in total debts with nearly $1,900 per month in payments:
Car payment: $800
MasterCard: $257
VISA: $323
Retail Card: $175
Line of Credit: $315
TOTAL PAYMENTS: $1,870
A debt consolidation relief mortgage can simplify your finances by combining multiple debts into a single, manageable monthly payment. In this example, your monthly payments could be reduced from an estimated $1,900 to just $800. This significant savings of $1,100 per month can be redirected towards building a strong financial future, such as funding a retirement account.