Debt Consolidation
Calculator
Stop paying 19% interest. Use your home equity to slash your monthly payments by up to 60%.
Debt Consolidation Engine
Merge your high-interest debts into one lower mortgage payment.
1. Your Property
2. Debts to Pay Off
Total Monthly Savings
$1,274
That's $15,287 extra cash in your pocket per year.
The "Bad Debt to Good Debt" Strategy
Many homeowners sit on hundreds of thousands in equity while struggling with cash flow due to high-interest debt. Refinancing isn't just about getting a lower rate; it's about restructuring your liabilities.
By rolling a $20,000 credit card (at 19.99%) into your mortgage (at ~5.29%), you effectively convert "Bad Debt" (non-tax deductible, high interest) into "Secured Debt" (lowest possible interest).
Why Consolidate?
- Single monthly payment vs. multiple bills.
- Improve credit score by lowering utilization.
- Free up cash flow for investments.
Key Rules (Canada)
- Max 80% LTV: You can only pull equity up to 80% of value.
- Stress Test: You must requalify at the stress test rate (Rate + 2%).
- Penalty: Check if your current mortgage has a breakage penalty.
Ready to access your equity?
We can often capitalize (add) the penalty into the new loan so you pay nothing out of pocket.
Request Refinance Assessment
Get a full breakdown of costs vs. savings.