WHAT IS A DEBT CONSOLIDATION MORTGAGE AND WHY DOES IT WORK FOR ME?
A debt consolidation mortgage is when you refinance your mortgage to incorporate all your high interest debts into one payment – your mortgage. Find an affordable home and transform it into that perfect home you always dreamed of; with new bathrooms, kitchen, and hardwood floors. Add the estimated costs of the renovation to your mortgage at the time of purchase to finance the entire renovation transformation without having to wait!
Debt Consolidation Benefits:
- A much lower monthly interest rate that all your debts will now fall under
- Lower monthly payments
- The comfort and convenience of making only one monthly payment.
- Improved credit score from making all your payments on time.
More information you will find on Mortgage Architects web-site:
http://www.mortgagearchitects.ca/LearningCentre/Refinancing/debtconsolidation