Debt Consolidation Mortgage
Turn multiple high-interest debts into one low monthly payment using the equity you've built in your home.
If you're juggling credit cards, car loans, personal lines of credit, or other high-interest debts, a debt consolidation mortgage can dramatically reduce what you're paying each month. By rolling your debts into your mortgage, you replace multiple payments at 15–25% interest with a single payment at mortgage rates. Many of our clients free up hundreds of dollars per month - money that can go toward savings, investments, or simply breathing room. We'll review your full financial picture and structure a solution that makes the most sense for your situation.
Key Benefits
One Simple Payment
Replace multiple bills with a single monthly mortgage payment, reducing stress and the risk of missed payments.
Lower Interest Rate
Mortgage rates are typically far lower than credit card or personal loan rates - often saving thousands per year.
Improved Cash Flow
Freeing up cash each month gives you more flexibility to handle everyday expenses and unexpected costs.
Credit Score Recovery
Paying off revolving debts in full can improve your credit utilization ratio and positively impact your credit score over time.
How It Works
- 1
We review your existing debts, interest rates, and the equity available in your home.
- 2
We calculate the total savings and structure a mortgage that pays off your debts and fits your monthly budget.
- 3
We submit your application to the best-fit lender and manage the process from approval to funding.
- 4
Your debts are paid off in full at closing, leaving you with one manageable mortgage payment.
Frequently Asked Questions
How much equity do I need to consolidate my debt?
You generally need enough equity so that the new consolidated mortgage does not exceed 80% of your home's value for a conventional mortgage, or up to 85–90% through certain private lenders. We'll assess your specific situation and let you know exactly what's possible.
Will debt consolidation hurt my credit?
In most cases it helps over the medium term. Paying off revolving credit balances reduces your utilization ratio, which is a major factor in your credit score. There may be a minor short-term dip from the new inquiry and mortgage, but the overall trajectory is typically positive.
What debts can be consolidated?
Credit cards, unsecured personal loans, car loans, lines of credit, CRA tax debt, and other consumer debts can all be rolled in. We'll look at every liability to find the most cost-effective approach.
Are there penalties for paying out my existing mortgage early?
Possibly. If you are breaking a current mortgage term, prepayment penalties may apply. We factor these into our analysis so you can see the true net savings before proceeding.
Get a Free Consultation
Tell us your situation and we'll find the best option for you.