Debt Consolidation Mortgage
Do you currently carry balances on credit cards, lines of credit, or have other loans? Are you finding it a burden financially? Use could use the equity you have built up in your home to consolidate debt into a much more affordable payment.
Debt Consolidation Mortgages Save Money!
Consider the following example:
| Payment Type | Amount | Monthly Payments |
|---|---|---|
| Existing Mortgage @5.5% | $ 230,362.61 | $ 1,227.74 |
| Credit Card Debt @ 19% | $ 35,000 | $ 1050.00 |
| Car Loan @ 6.5% | $ 15,000 | $ 450.00 |
| Total | $ 280,362.61 | $ 2727.74 |
| New Mortgage @5.5% | $ 280,362.61 | $ 1494.22 |
| Monthly Savings | $ 1233.52 |
Could You Use an Extra $1200/m Tax Free?
In the above example, even without using a lower mortgage rate, this person would save over $1200/month in debt servicing expenses! Many people are in a worse situation than this, and could save even more!
Save Money on Your Mortgage With a Debt Consolidation
Paying off expensive after-tax debt such as credit card debt can be a wise investment. Getting relief is very simple; all you have to do is fill in the form below and I will be in touch with you very shortly.
#200-2851 Simpson Ave.Richmond, BC V6X 3H6
- Email: jeff@bc-mortgage-brokers.ca
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