Mortgage Broker Licensed in British Columbia

Debt Consolidation Mortgages

Helping clients consolidate high-interest debt to reduce the monthly payments and increase cash flow.

Are you ready to consolidate your debt into your mortgage? You could save thousands of dollars in interest and cut your monthly payments by up to 50%. Who wouldn’t want to do that?

No matter where you are in your life. There are chapters in your life where there are times that everything is going great and there are times where you feel your finances are out-of-control. If you are struggling to pay your bills and balance your monthly budget, then it might be time to think about debt consolidation loans. By doing this, it can take some weight off your shoulders and start making progress towards your financial goals.

What is a debt consolidation mortgage?

A debt consolidation mortgage is a type of remortgage that lets you use the value of your property to pay off any debts – to settle what you owe elsewhere and then make repayments on a single mortgage deal. Mortgages are a type of “secured” debt, which means it's a debt secured against an asset, like a property.

By having a new loan, you can have a much lower interest rate and have a manageable payment plan.

There are several benefits of Debt Consolidation such as:

  • Single Monthly Payment: Making your monthly budget by paying off your primary debts with a single payment each month.
  • No More Aggressive Lenders: If you are tired of getting calls and letters from aggressive debt collectors, then this option might be right for you.
  • Save Money: One of the biggest benefits of debt consolidation is the ability to save more of your money by lowering your interest rates.
  • Credit Score has Increased: Have you missed a payment, if so this could affect your credit score. Which could result in your ability to get loans in the future.

No one wants to be struggling with debt for years, and consolidating your debt could help you achieve financial freedom quickly. In order to get a debt consolidation mortgage, you will need to be the primary owner or co-owner of a house or a condo. Lenders will take a look at your income and proof that you have filed your personal taxes all the way up to the current year.

The first step is to schedule a call with me. During this call I will assess your financial situation and we will discuss your long-term goals. From here I will present you with a few options, and you can choose which option fits your needs.

Mortgage Services:

Nancy Tychowski Mortgage Consultant offers Debt Consolidation Mortgage Services to clients across Vancouver, Surrey, Burnaby, Richmond, Abbotsford, Coquitlam, Delta, Langley Township, New Westminster, North Vancouver, Port Coquitlam, Port Moody, White Rock, West Vancouver, Maple Ridge, Chilliwack, Squamish, Belcarra Area, Anmore, Mission, Kelowna, Kamloops, Victoria, Nanaimo and the surrounding areas of British Columbia.

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