SERVING GTA - MOBILE

Chris Ming Kong Cheng Mortgage Architects - Radiance Mortgage C (647) 822-8855 P (905) 597-7883 Email chris.cheng@mtgarc.ca

LEARNING CENTRE

Mortgage Basics Buying Refinancing Investing Video Library

What Is a Debt Consolidation Mortgage?

A debt consolidation mortgage is when you refinance your mortgage to incorporate all your high interest debts into one payment – your mortgage. Find an affordable home in need of TLC and transform it into that perfect home you always dreamed of; with new bathrooms, kitchen, and hardwood floors. Add the estimated costs of the renovation to your mortgage at the time of purchase to finance the entire renovation transformation without having to wait!

Debt Consolidation Benefits

• A much lower monthly interest rate that all your debts will now fall under

• Lower monthly payments

• The comfort and convenience of making only one monthly payment.

• Improved credit score from making all your payments on time.

Here’s an example showing the effect on your monthly payments:

Solution to High Interest Credit Payments

Now all that’s left is to figure out precisely which solution is best for you, and wipe out all those high interest payments. You already have the mortgage, so if you also have some high interest debt you’d love to unload...

Call me today!

Back

TODAY'S RATES

TERM	POSTED	MA RATES*
{{rate.Term}}	{{rate.Posted}}	{{rate.OurRate}}

Subject to change. Conditions may apply.
Updated: {{RatesData.Modified}}

Privacy	FSRA (ON) Mortgage Brokerage License #12728 \| FCAA (SK) Mortgage Brokerage #316728
© Copyright 2017, Mortgage Architects Inc. All Rights Reserved.