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Debt consolidationSeveral payments, made one.
Credit cards and loans at high interest can quietly take over a monthly budget. Using your home equity to consolidate them can free up cash flow. I will show you the full cost comparison first, so you can decide with clear numbers.
Is this right for you?
Credit card balances are growing
Minimum payments barely move the balance.
You juggle several loans
Car, line of credit and cards, each with its own due date.
Your budget feels tight
More of each month goes to interest than you would like.
You want a reset
A clear plan, and a structure that makes it easier to stay ahead.
Clear steps, no surprises.
List what you owe
Balances, payments and interest on each debt.
Run the comparison
Today's payments against one consolidated payment, fees included.
Choose the structure
Refinance, HELOC or second mortgage, depending on your situation.
Pay out on closing
Your lawyer pays the debts directly, so they are cleared at funding.
Before and after, in real numbers.
A sample household rolling a car loan and two credit cards into their mortgage.
Before
- Mortgage$350,000 at 4.79%, 18 years left$2,412
- Car loan$32,000 at 7.99%, 5 years left$649
- Credit card A$18,000 at 19.99%, 3% minimum$540
- Credit card B$9,500 at 20.99%, 3% minimum$285
Total monthly payments $3,886
After
- One new mortgage$409,500 at 4.5%, 30 year amortization$2,065
Total monthly payments $2,065
Monthly difference $1,821
Example only. Not a quote or approval; rates, eligibility and costs vary (penalties, legal fees). Mortgage payments use Canadian semi-annual compounding. Card payments assume a minimum of 3% of the balance. Penalties and closing costs are not included.
Stretching debt over a longer amortization can mean more interest overall, so we will show you the full picture, including total interest, before you decide.
Be honest with yourself
Options, not pressure. I will lay out the trade offs, including when the right answer is to wait.
math first, always
Consolidation moves debt, it does not erase it
The goal is lower interest and a payment you can manage, with a plan to pay it down.
Longer amortization can cost more overall
I show the monthly savings and the long term cost side by side.
Avoid running balances back up
We talk about a simple plan so the cards stay paid off.
Common questions
Do I need good credit to consolidate?
Not necessarily. Equity matters a lot. If a traditional lender is not the right fit, alternative or private options may be available, with costs explained up front.
Can I include a car loan or line of credit?
Usually yes. Most consumer debts can be paid out on closing.
How much could I save?
It depends on your balances, rates and equity. I run your actual numbers before recommending anything, and all figures are estimates until a lender confirms.
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Ready when you are.
Start your application online, or book a relaxed conversation first. No pressure either way.
Prefer the phone? Call 613-714-9499. Office visits by appointment.