You’re tired of being in debt. You want to be able to live a life without constantly worrying about your next payment. You are not alone. Many Canadians have the same fears. From job loss, and unexpected bills, to relationship breakdowns, debt is fact of life. You just need to manage it, and not let it manage you.
Take control of your financial future by consolidating high-interest debts into one manageable monthly payment. Whether it’s credit cards, personal loans, or lines of credit, we can help you refinance your home and access the equity needed to simplify your finances and lower your overall interest costs. Our tailored debt consolidation solutions are designed to reduce stress, improve cash flow, and put you back on track toward financial freedom.
DEAL NOTES
This client is a successful business owner who has run their business for over 30 years in the Niagara Falls community.
The business was significantly impacted by pandemic-related closures, which resulted in liens, high credit card utilization and a decreased Beacon score.
Refinancing their owner-occupied home will consolidate their 1st and 2nd mortgages, $80,000 in debt, generating cash out of $70,000 for closing costs and home renovations, and save more than $1,300 monthly.
Now, they’re back in business and increasing profitability each year. Using only one income, we combined the 2-year BFS income average to qualify the deal despite a 610 beacon.
Leveraging the stable income, tenure, and marketable property, we gave this client a fresh start and helped them move toward credit rehabilitation.
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