Grimsby Debt Consolidation

Managing Your Debts through Debt Consolidation

Having debt at one point or another in our lives seems inevitable, especially in a challenging economy. We may take out a loan or mortgage to service needs like buying a home, getting business capital or even sort out accumulating short-term bills. When times get tough, the likelihood of defaulting on debt payments may arise. At this point, the borrower’s credit score is probably not attractive to a lender so seeking a conventional second mortgage or loan to keep on top of the debt can prove to be a challenge. In Grimsby, Ontario, this is a problem for many households. In Grimsby Debt Consolidation may be the best solution and only answer if you are facing similar troubles.

Debt Consolidation

Debt consolidation involves taking out a loan or mortgage to pay off other loans, debts or liabilities owed to creditors. The debts are consolidated into one single monthly payment. The benefit is that not only will the interest rate be lower, but he monthly payments will be significantly lower than the rest of the previous loans and debts put together.

How it Works

Before you go out seeking a Grimsby Debt Consolidation Loan or mortgage, you first need to sort out you existing loans. Make a list of your loans and their respective balances, monthly payments in order of interest rates from the highest to the lowest. Then you need to calculate the total outstanding balance or debt owning for the loans. This will help you get a clear picture of just how much debt you owe and the size of the loan or mortgage you will need. Once this is done, you can now apply for the debt consolidation loan.

The aim of debt consolidation loan is to have all your debts consolidated in a way that will enable you to have only one payment for one debt instead of having to pay several different creditors numerous payments at different times of the month.

Once your debt consolidation loan request is reviewed by a lender they will be in a position to determine just how much of a loan or mortgage you qualify for, and the rate of interest they are prepared to give to you.

Benefits of Debt Consolidation

With the proper information and execution, a borrower will enjoy the following benefits of a Grimsby Debt Consolidation loan or mortgage:

  • Enjoy lower interest rates
  • Significantly reduce your monthly payments
  • Boost your credit scores and ratings
  • Speed up your debt payment process

How to Consolidate Your Personal Debts

  1. Make the decision to sort out your debt obligations by applying for a consolidation loan. The sooner this is done, the sooner you will get out of debt.
  2. You will then need to evaluate your options and come up with a precise debt management plan. This, in part, will involve calculating your outstanding total debt from all outstanding active and inactive debts or loans.

Then with the help of an experienced mortgage broker you will need to research the lenders, risks and mortgage options available to you before making a decision.

WHAT PEOPLE ARE SAYING…

  • “I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off or back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.”

    KKP, HAMILTON
  • “I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Expert Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.”

    M.D, Mississauga, ON
  • “The bank would not lend money on our farm unless we showed them financial statements. Since my husband passed away, my son and I were struggling to keep the farm afloat. We just needed more time. The third mortgage you got us was the miracle we needed. You believed in us and we are so grateful. Thank you.”

    S.E. Orono, ON
  • “My pig farm always made good profit but last year was brutal for the whole industry. I fell behind on my mortgage. I showed FCC that my loss was just a temporary blip and asked them to give me some leeway but they started a foreclosure anyway. Thanks for getting me that private loan to buy me some time until I’m profitable again.”

    K.O., Hawkesbury, ON
  • “My ex-wife’s lawyer gave me 30 days to buy out her half of our house or have it put up for sale. I had no job and I was in bankruptcy. My bank manager laughed at me. I thought it was hopeless until I saw your flyer. I don’t know how you qualified me for the mortgage. You’re a miracle worker. Thank you!”

    J.R. Burlington, ON
  • “We were 6 months behind on our mortgage and the Sheriff was coming in 5 days to lock us out of our home. Every other mortgage broker said NO! I can’t believe you were able to get us a second mortgage that fast. You saved our home and I will refer everyone I know to you.”

    C.C., Oshawa, ON
  • “The bank refused to value my property based on all 211 acres. They said that their ‘rules’ limited it to 5 acres. Personally, I think that’s biased against farmers. I didn’t know that you had lenders who would value my property on all the acres. I finally got a large enough loan to tie all my debt into one payment. Thanks!”

    C.R., New Dundee, ON
  • “Every time I’d walk into a bank and say the word ‘farm’ the suit on the other side of the desk would look at me like I was from another planet! They had one agricultural ‘specialist’ for the area that was not much better. Then I went to 4 mortgage brokers before I stumbled on your company. Your rates were lower than the bank.”

    M.D., Bradford, ON
  • “Our credit was destroyed after we had a bad year. We needed to expand our facility. I explained to the bank that the expansion would make us profitable. I proved it on paper. They still declined us. I never heard of your ‘no questions asked’ private loans but you gave me $500,000 with no paperwork. That was a Godsend. My wife and I appreciate it from the bottom of our hearts and we won’t let you down.”

    R.Q., Woodville, ON
  • “Once again, a big thank you for arranging our new mortgage and being able to arrange for additional funds on closing. Matthew has worked hard for me over the last few years… I have a very high level of trust in Matthew and Expert Mortgage, and will surely recommend you to anyone I know who is in need. Thank You.”

    M.Z. Brantford, ON