Debt Consolidation

High-interest consumer debt can trap families in a cycle of minimum payments and mounting balances. Debt consolidation through mortgage refinancing replaces credit cards, personal loans, car payments, and CRA arrears with a single, low-rate mortgage payment—often cutting monthly obligations by 50% or more.

By leveraging your home's equity at mortgage rates (typically 4-7%), you eliminate debts charging 19-29% interest, saving thousands annually and freeing up cash flow for savings or investments. Consolidation also simplifies finances, improves credit scores over time, and provides breathing room to rebuild financial health.

We calculate total savings, assess your home equity, and structure refinances that balance debt relief with responsible borrowing. For homeowners feeling overwhelmed by multiple debts, consolidation offers a clear path to financial freedom backed by Canada's most affordable lending rates.

The mathematics are compelling: replacing a $30,000 credit card balance at 19.99% with mortgage debt at 5.5% saves over $4,300 in interest annually. That's money that can rebuild emergency funds, contribute to RRSPs, or accelerate mortgage paydown. Consolidation isn't just about reducing payments—it's about breaking free from expensive debt and regaining control of your finances.

We approach debt consolidation strategically, ensuring you understand the benefits, address spending habits that created debt, and use this opportunity to establish stronger financial foundations. Combined with budgeting support and financial discipline, consolidation becomes a turning point toward long-term stability and wealth building.