Debt consolidation involves borrowing money from one lower-interest lender to pay off your debts with other higher-interest lenders. By doing this, you will clear up those higher-interest debts and be left with one, easy-to-track, lower-interest loan. If you are struggling with a mountain of unsecured debt, and you are looking for a way to get relief, and get on the path to financial freedom, we encourage you to consider consolidation in Hamilton at Expert Mortgage. Debt consolidation is the perfect way to get out of debt quick, and WITHOUT damaging your credit, like bankruptcy, credit counselling, or consumer proposal would do. Read on for more information about consolidation at Expert Mortgage.
Expert Mortgage specializes in assisting people to become debt free, and obtain a first, second, and even third mortgage. We do this through a variety of different financial strategies that are meant to REPAIR your credit, and not damage it. Some of these strategies include:
Debt Consolidation Loan:
Many Canadians ask themselves, “How should I manage my debt?” If you’re in this situation, a debt consolidation loan may be the answer. With a consolidation loan, you can consolidate and pay off debt, and get out of debt faster. A debt consolidation loan can be used to pay off credit card debt or to combine and pay off multiple bills, leaving you with one affordable monthly loan payment to manage. A debt consolidation loan from Expert Mortgage can help you experience debt relief and give you peace of mind knowing you’re working with a responsible and professional team.
There are several reasons to think about refinancing your home. The most common include gaining access to the equity in your home and/or reducing debt, making renovations or major repairs and life-changing events, and of course to take advantage of low interest rates. If you have accumulated a significant amount of debt and it has become difficult to manage, no matter how long you have been in your home or are planning to stay, you should be thinking of refinancing. Carrying excessive debt while owning a home can put you at risk of missing payments and/or compromising your credit score, which will put your financial future at risk.
Home Equity Loan:
A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. Home equity loans are often used to finance major expenses such as home repairs, medical bills, a new car, university tuition, or other contingencies faced by homeowners, like unsecured debt. Home equity loans can be used only as refinance options and not as collateral to purchase a new property.
As these are just a few of the strategies for consolidation in Hamilton, if you are looking for more information, we recommend that you continue browsing through our expert Mortgage website. Click here to find our contact information and to fill out our contact form.