Consolidate debt with home equity
Combine credit cards, personal loans, and other high-interest debt into one manageable payment using the equity in your home. Home equity loans and HELOCs often come with lower rates than unsecured debt, so you can save on interest and simplify your finances.
We help you figure out how much you can borrow, what your new payment could look like, and whether consolidation makes sense for your situation. There’s no obligation—call us for a quote and we’ll walk you through the numbers.
Call us: +1 (905) 232-1259
Who is debt consolidation for?
Debt consolidation is a good fit if you have multiple high-interest debts (credit cards, store cards, personal loans) and enough equity in your home to borrow against. It works best when the new blended rate is lower than what you’re paying now and when you’re committed to paying down the new loan instead of running up debt again.
- • You have multiple monthly payments you want to combine into one.
- • You’re paying high interest on credit cards or other unsecured debt.
- • You have equity in your home and are comfortable using it to pay off debt.
How it works
We’ll look at your current debts and your home’s equity. If a home equity loan or HELOC makes sense, we’ll get you a rate and term. Once approved, the funds can be used to pay off your existing debts—leaving you with one payment, often at a lower rate. You’ll also have a clear payoff timeline so you can plan ahead.
You can choose a home equity loan (lump sum, fixed rate, fixed payment) or a HELOC (revolving line of credit). We’ll explain the pros and cons of each and help you pick the right product. Application and approval times vary; we’ll keep you updated at every step.
Things to consider
Consolidating debt with home equity means your home secures the loan. It’s important to stay on top of payments. We’ll help you choose a payment amount and term that fits your budget. We’ll also explain any fees (e.g. appraisal, legal) so you have a full picture before you commit.
Get a consolidation quote
Call us to see how much you could save by consolidating your debt.
Call us: +1 (905) 232-1259