Did you know that the average Canadian has a mortgage debt of over $350,000? On top of that, many have other debts such as auto loans and lines of credit, which can add up to over $30,000 and $35,000 respectively. If you’re struggling to keep up with multiple payments and high-interest rates, debt consolidation might be the solution for you.
Debt consolidation involves taking out one loan to pay off multiple debts, simplifying your payments and potentially reducing interest rates. This can also improve your credit score by reducing the risk of late or missed payments.
As your mortgage professional, I can help you evaluate your entire financial situation, including your debt, and create a plan to reduce your monthly payments and improve interest rates.
With consolidation, you may be able to save money every month and pay off your debt faster.
It all starts with a plan, so don’t hesitate to get in touch with me today to get started.