Debt consolidation

Consolidation your high interest credit cards, loans, property tax arrears and judgments with a second mortgage of up to 95% loan to value.  Beacon scores as low as 500.

Debt consolidation loan will give you an opportunity to use the equity of your real estate to pay off high interest debt (second mortgage, refinancing). You can save a lot of money in loan interest you don't need to pay! By equity, we mean the difference between the market value of the home, property and any mortgage, lien or collateral liability already registered on the property.

Types of qualified debts for the purpose of debt consolidation:

• existing 2nd mortgage
• car loans
• credit card debt
• construction lien
• line of credit
• student loan
• judgments
• consumer proposal

A Home Equity Loan gives you the power to make home improvements, pay off higher interest rate loan & credit cards, and get your finances back on track.  Most importantly get your finances back on track!

What is Loan to value?

Loan to Value is the fair market value of an asset to the value of the loan that will finance the purchase.  Loan to value tells the lender if potential losses due to non-payment may be recouped by selling the asset.

If you are interested to know more about what a mortgage debt consolidation or a low interest equity loan can do for you please contact us.   Call 416-766-2300 toll free: 1-866-212-0888 to setup an appointment with one of our agent and we’ll help you determine what the best option will be for you.