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Debt Consolidation Mortgage

What is a Debt Consolidation Mortgage?


If you find yourself with an excessive or hard to manage amount of consumer debt that can carry high interest rates and/or steep repayment terms that drain your available cash, then a consolidation mortgage is something we should talk about.

This is a very common discussion I have with clients, especially during the current economic climate. The good news is that consolidation mortgages are quite common and they can be the answer to getting your cash flow and credit back on track.

How Does A Debt Consolidation Mortgage Work?

The primary purpose of the Debt Consolidation Mortgage is to help you manage cash-flow.

For some, it may be a simple as using your home equity to pay-out high-interest debt or high-payment debt into a lower interest, lower payment mortgage, often having just one payment to worry about.

For others, the problem may be more serious, where your are currently unable to make all your debt payments on time every month. You may be paying some debts on time and others you may be paying late or not at all. In this scenario, not only are you losing ground financially, but you are also hurting your credit, which can lead to even higher interest rates on debt in the future.

We can help get you caught up on those payments, preserve or repair your credit and lower your payments so you have more money in your pocket each month.

Why use Home Equity Freedom to get a Debt Consolidation Mortgage?

  • Our team will take the time to listen to your current situation, understand your your short and long term goals.

  • Use our extensive lender network to find the best solution.

  • Negotiate with your creditors on your behalf when necessary

  • Provide you several options - discuss the pros and cons of each.

Our Debt Consolidation Mortgage Approval Process

  • Speak to one of our Debt Consolidation Mortgage specialists - Explore your options and get expert advice without obligation or cost.

  • Choose the Debt Consolidation option that is best for you from the options provided.

  • Paperwork - Sign approval with your lawyer and provide the necessary documentation.

  • Debts are paid and any remaining funds are deposited to your account - enjoy your new financial freedom.

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