Home Equity Loans

Mortgages generally qualify as good debt: they are usually available at the lowest possible rates, they represent a good investment in a (generally) appreciating asset, and they make home ownership possible. Bad debt saddles you with high interest rates - often on depreciating assets. High credit card debt is one of the worst, and afflicts most Canadians at some point in their financial lives. But if you have equity in your home, then you have an opportunity to turn bad debt to good debt - by refinancing and rolling high-interest debt into your mortgage for big interest savings. One of our mortgage experts can talk to you about refinancing at any time.

If you'd like to have a conversation about refinancing your debt... contact one of our experts today

The advantages of a Debt Consolidation loan are:

• Your Debt Consolidation loan may have a lower interest rate than the rate you are paying on credit cards, so the loan should reduce your interest payments and help you eliminate your credit card debt, eventually.
• With the lower interest rates and/or extended terms a debt consolidation and refinance loan may offer, you may be able to reduce your total monthly payments.
• You replace many payments each month with only one payment, which should make your monthly household budgeting easier.