A DEBT CONSOLIDATION MORTGAGE
Rita Cousins Senior Mortgage Advisor • August 12, 2019
The solution to high interest credit payments
What Is a Debt Consolidation Mortgage?
A debt consolidation mortgage is when you refinance your mortgage to incorporate all your high interest debts into one payment – your mortgage!
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.
*With mortgage amortized over 20 years
**With the same 20-year amortization and adding $5,000 for an early repayment penalty.
***Rate subject to change
Now all that’s left is to figure out precisely which solution is best for you, and wipe out all those high interest payments. You already have the mortgage, so if you also have some high interest debt you’d love to unload...
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Langley's growth may slow down as a result of changing immigration rules, but it is still expected to have more than 280,000 residents by 2051, according to recent Metro Vancouver growth estimates. The report, by the Metro Vancouver Regional District's regional planning committee, was released earlier this month and has three growth scenarios – low, medium, and high. As of 2024, Metro Vancouver estimated Langley City had 35,316 residents, and the Township had 162,926, for a total of 198,242. 👉 More Details Here
