Cash-Flow Relief
Replacing several high monthly payments with one mortgage payment may reduce immediate monthly obligations.
Simplify monthly payments
Debt Consolidation
Mortgage-based debt consolidation may combine eligible higher-interest debts into one secured payment. It can improve monthly cash flow, but the total borrowing cost and repayment period must be considered.
What to consider
Clear guidance for your situation
Every mortgage application is different. These are the main areas we review when building your plan.
Total Cost Review
A lower rate does not automatically mean lower total interest if the debt is repaid over a much longer period.
Credit Planning
Closing or reducing revolving accounts and avoiding new debt can be important to the long-term success of the plan.
The process
From first conversation to closing
I keep the process organized and explain what is needed at each stage.
Debt Summary
List all balances, payments, rates, and repayment terms.
Equity Review
Review property value, current mortgage, and available lending room.
Compare Scenarios
Compare monthly payment, total cost, penalties, and closing fees.
Complete & Follow Up
Pay approved debts from proceeds and follow the new repayment strategy.
Common documents
Documents you may need
The exact document list depends on the lender, insurer, borrower, and property.
- Current mortgage statement
- Property-tax bill
- Statements for all debts being consolidated
- Income and employment documents
- Bank statements, when requested
- Property appraisal and legal documents, when required
Information on this page is general and does not guarantee approval. Mortgage approval is subject to lender and insurer requirements, credit review, income verification, property review, and supporting documentation.
Ready to discuss your mortgage?
Book a free consultation and get clear next steps based on your situation.