A debt consolidation mortgage is an additional secured loan that is taken out of your home equity and placed behind your current first mortgage. Since the first mortgage is typically obtained from a large financial institution, such as a bank, trust company, or credit union, your current first mortgage will remain unaltered, but it does give you access to your home equity. If there is enough equity, we can assist you in borrowing from your home equity and obtaining a debt consolidation mortgage on both your residential and commercial properties.We are aware that there are circumstances in which you may require a debt consolidation mortgage. Benefits of our Debt Consolidation Mortgage in Toronto program include the ability to withdraw up to 85% of the dormant equity of your home value, regardless of whether you are in a consumer proposal, have debt consolidation, have limited income, or have already filed for bankruptcy. We can assist homeowners with debt consolidation, low income, and other issues.
You will receive assistance and support from our Debt Consolidation Mortgage Experts. We have an approval waiting for you as long as your home has equity.
