If you own a home in Northern Ontario and carry high-interest debt, your equity is likely the lowest-cost tool available. I help homeowners restructure debt into a single manageable payment — freeing up hundreds of dollars a month.
Matthew will review your information and reach out within 2 business hours to walk you through your options.
The math is usually compelling — but the specifics depend on your equity, debt load, and income. Here's the general picture.
Debt consolidation through a mortgage refinance is a structured process — here's what it looks like from start to finish.
We look at your home's current value and existing mortgage balance to determine how much equity is accessible. Most lenders allow up to 80% of appraised value, giving you a clear ceiling.
We list every debt you want to consolidate — credit cards, car loans, personal lines, CRA balance — and calculate the exact refinance amount needed to eliminate them. I show you the before-and-after payment comparison.
I identify the right lender for your credit profile and equity position. Not all lenders price this the same way — I compare across 70+ to find the best rate for your specific file and submit once to protect your credit.
You refinance your existing mortgage to access your home equity — up to 80% of your home's current value. The funds are used to pay off high-interest debts like credit cards, car loans, and personal lines of credit. The result is one lower-rate mortgage payment instead of multiple high-interest payments. Most Ontario homeowners save $400–$900 per month.
Not necessarily. We work with lenders who consider credit scores as low as 500–550 in some cases, particularly when there is sufficient equity in the property. The amount of equity you have, your income, and the overall file are all factors. Even if your bank has declined you, alternative lenders may still have a solution.
You need enough equity so that after refinancing, your total mortgage stays at or below 80% of your home's current appraised value. For example, on a $500,000 home the maximum refinance is $400,000. If your current mortgage is $300,000, you have up to $100,000 available for debt consolidation.
Yes. Self-employed homeowners with equity can still access debt consolidation through a refinance. The lender pool may be different — alternative lenders are often more flexible on income documentation — but the strategy works the same way. I will identify the right lender for your income type and equity position.
A mortgage refinance does involve a credit check, which creates a short-term inquiry. However, paying off high-balance credit cards typically improves your credit utilization ratio over the medium term. Most clients see a net positive credit impact within 6–12 months of consolidating.
No obligation. Get clear answers about your mortgage options directly from Matthew — same day in most cases.
Free review — no credit check, no obligation. Most clients get a clear picture within 2 business hours.
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