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Debt Consolidation Loans

Improve your financial position with a debt consolidation loan.

Homeowners who find themselves juggling multiple debts need debt advice and should seriously consider debt consolidation loans. Canada has few options for debt problems that are preferable to a debt consolidation loan. Utilizing the equity in one’s home to consolidate debt gives hope to many who are struggling to get out of debt.
Do you have equity in your home but find yourself cash poor? Debt consolidation loans can improve your finances today. When secured on property, consolidation loans offer lower rates than unsecured loans and are thus a fundamental tool for taking control of your financial life.

What are the Benefits of Debt Consolidation with home equity?

Consolidating debt with a home equity line of credit or by using 2nd mortgages is a simple strategy to implement and has multiple benefits. Consolidating debt from various sources into a single loan means that you can amortize a single monthly payment over a fixed period of time at much lower mortgage rates of interest. Some of the advantages to this strategy include:

  • Consolidate debt to pay more principal and less interest and reduce debts faster.
  • Decreased monthly payments improve your cash flow so you can stop playing catch up and start getting ahead.
  • Instead of juggling multiple bills, you make one payment each month – freeing up time and reducing stress.
  • Get multiple creditors and collection agencies off your back.

Let CMI Brokers help you with Debt Consolidation

Canada is filled with homeowners who have accumulated debt through circumstances beyond their control. Loss of a job, an illness or a family crisis can have a sudden and negative impact on finances. Once you get into debt, it can be very difficult to find your way out. If you are a heavily indebted homeowner in Canada, debt consolidation may be the answer you need.

CMI certified mortgage brokers are trained in the area of credit repair and are Canadian debt consolidation specialists. We offer debt advice and specialize in helping people secure debt consolidation loans.
After a consultation and analysis of your current finances, we will evaluate various home equity options to customize a plan that lowers your payments and stabilizes your finances. Your debt consolidation plan leverages the equity in your home to pay off current debts and improve your credit.

Our brokers know consolidation loans. Canada has many home equity lenders and we will help you find them. Contact us today for a complimentary consultation.