Debt Consolidation
Use Your Home Equity to Simplify Debt
Roll high-interest credit cards and loans into one lower mortgage payment. Improve monthly cash flow, pay less interest, and rebuild credit.
Ready to talk to an advisor?
(778) 251-9999
One Lower Monthly Payment. Less Stress.
Turn multiple high-interest debts into one simple plan. We compare options and explain the fine print in plain language.
One Payment, One Plan
Roll multiple balances into your mortgage.
Lower blended interest
Mortgage rates are far lower than credit cards.
Better cash flow
Free up room in your budget.
Credit rebuild
On-time payments improve your credit.
More to principal
Pay down faster.
What Is Debt Consolidation?
For homeowners, consolidation means using home equity to pay off high-interest debts and move them into one mortgage payment.
This can happen by refinancing your current mortgage or adding a HELOC/second mortgage.
Debts We Commonly Roll In
- Credit cards
- Lines of credit
- 2nd mortgage
- Installment loans
- CRA/GST arrears
- Judgments & collections
- Consumer proposal
Home-Equity Consolidation Can Help If You
Own a home with sufficient equity (up to 80% LTV)
Have high-interest balances
Want one clear payment
Options A
Options B
Full Refinance (Replace Your Current Mortgage)
Pros: Lowest rates, one payment.
Cons: Possible prepayment or appraisal costs.
Second Mortgage (Keep Your First Mortgage)
Pros: Avoid touching your great rate.
Cons: Slightly higher rate than prime mortgage.
What You Could Save
Moving high-rate balances into your mortgage can reduce monthly outflow.
- New single mortgage payment vs today’s total
- Estimated interest savings
- Clear timeline to debt-free
Let’s Compare Your Options
Find out how much you could save with one simple plan.
Ready to talk to an advisor?
(778) 251-9999
Frequently Asked Questions
A prequalification check won’t. Lender approvals use a standard inquiry that may cause a small, temporary dip.
Ontime mortgage payments can help your score over time.
It depends on the rate and term. Lowering your rate saves interest; extending amortization can increase lifetime interest. We’ll show both cashflow and fasttrack scenarios so you can pick.
We calculate any prepayment penalty and compare options (blend and extend if available, switch, or add a
second/HELOC) to see what nets you the best outcome.
Fair to good credit helps. Strong equity and income can offset some weaknesses. We’ll map a plan to qualify.
Typical refinances close in 1–3 weeks after full documents. Timelines vary by appraisal and legal bookings.
Many mortgages allow lumpsum prepayments or increased payments.
We disclose all fees up front (appraisal, legal, discharge, possible broker/lender fees). Many clients roll costs into the
new mortgage.
