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You guys are great and thank you for understanding my credit problems and helping me finance my home, most other companies I’ve seen do not offer the level of service as you guys do. I had an excellent home buying experience, and will definitely recommend you to my friends and family.

    -Jeffrey Grove, Hamilton

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Debt Consolidation Print E-mail

Are you unable to pay your monthly bills? Are you unable to keep up? There is a solution. Believe it or not, you might be able to refinance your home to help pay off your bills. Today’s interest rates are great and by pulling equity out of your home, you can save as much as 17% a month in interest charges!

In the past, in order to consolidate debt, your only option was to get a second mortgage, with rates as high as 19%! Now, with today’s refinancing rates at around 5%, why would you even consider getting a second mortgage with a rate of 19%? Don’t live in debt any longer. We can review your situation and come up with the solution best suited to your current situation. We will guide you through a painless process and get you that much closer to being debt free!

Toronto Mortgage Loans helps many clients every month, leverage the equity in their home to consolidate the debt and lower their overall payments. The following example was the case for one of our clients. It clearly shows the money they were able to save each month.

In order to take advantage of debt consolidation, you must be a Canadian home owner and have a minimum of 10% equity in your home. If you have any questions or concerns, feel free to contact us at anytime!

To determine whether debt consolidation is the right choice for you, calculate what your monthly debt payments are. Remember to include everything, i.e., loans, lines of credit, credit cards, and your mortgage. Then, take that amount and divide it by your gross total monthly income. If the number is higher than 0.50 then be sure to contact us about debt consolidation. If you are below 0.50, we can still be of assistance to help you save some money! Simply fill out our Online Approval Application and we’ll do the rest! The secret to getting on the road to a debt free lifestyle is to establish at an early stage whether or not debt consolidation is the right choice for you. Contact us now!


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