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Consolidating your debts: A first step toward sound financial management

Consolidate your debts into a single monthly payment

Debt consolidation is an effective way to gain control over your debt burden and achieve budgetary balance. It involves taking out a single private mortgage loan secured by your property in the amount owed to your creditors, in order to have only one creditor and pay a lower interest rate.
In addition to loosening up your budget, paying off your debts will improve your credit score by lowering your credit utilization ratio. By managing your finances soundly, you will be able to easily repay this new private mortgage loan by making periodic capital repayments or refinancing your property over the medium term through a conventional banking institution.

Am I qualified?

My property is a single-family home, a condominium, a commercial building or an income property.

My property is located in an urban area with services.

Combined, my current mortgage loan and the debts I want to consolidate are less than or equal to 75% of the value of my property.

Advantages

Credit repair

By consolidating your debts with a private mortgage loan, you will be lowering your credit utilization ratio. How? Since our loans are not reported to credit agencies, all of your reimbursed debts will be marked as paid, without showing that a new loan was taken out.

A single monthly payment

You will no longer have to use a calendar to track your different payments, to make sure you don’t miss one. When you consolidate all your debts through a private mortgage loan, you will only have one monthly payment to make.

An advantageous interest rate

Stop paying the abusive interest rates charged on most credit cards and other types of unsecured loans. Our private mortgage loans save you interest and let you make a lower monthly payment than with your previous financial obligations.

Are you ready?

It’s obligation-free.

Questions? Call us.

Monday to Friday, 9:00 a.m. to 5:30 p.m.