Client Comments
Thank you so very much for putting so much effort and time for helping us.

-DARIO & MORCIA S., OAKVILLE

________________


We were so happy that you were able to provide us with construction financing. The draw amounts work fine with our builder and we plan to refer anyone building a house. Thanks again.

-TOM & SHAUNA D., TORONTO

_________________


Hi Joe

Just wanted to pass on our thanks again for all your help with securing our mortgage.

In hindsight, we would have to say that the entire process of buying for the first time went really well and we managed to avoid a lot of the headache and inconvenience that others seem to come across.

Certainly in regard to arranging our mortgage, things could not have been easier for us and we have you to thank for that.

Your patience and attention to detail was greatly appreciated.

All the best,

. Aghazzarian & L. Marino

_________________


Truly Professional

Joe helped us out with our financing and all the questions we asked. The rates and service was excellent and he even came to our house to sign all the papers.

We have recommend him to our co-workers, friends and family.

_________________


Mortgage Needed In a Hurry!

We needed to arrange something quickly and Joe Walsh was able to provide us with a commitment on the same day;

I would definitely recommend Joe.

A Satisfied Customer!

_________________


We supplied Joe Walsh with all of the pertinent information and we were able to sit back and relax while Joe took care of everything.

He examined all of the possibilities and came up with one that best suited our needs.

Joe took all of the shopping and confusion out of the experience and made it simple for us.

We have used Joe several times in the past and will continue to do so in the future.

He is knowledgeable, professional, there to service quickly & promptly without the stress that normally comes along with this sort of decision

Debt Consolidation Loan

“Let Me Show You All The Tricks To Getting The Best Debt Consolidation Loan For Your Unique Situation”

One of the most powerful forms of debt consolidation available today is through mortgage financing.

Not only can you quickly go from credit card interest rates of 18%+ to a mortgage interest rate in the low teens, but you also save your cash flow and credit rating in the process.

CMHC  (Canada Mortgage and Housing) allows the proceeds from insured mortgages to be used to consolidate existing debt from instruments like credit cards, lines of credit, and term loans.

 

Get the Flash Player to see this content.

 

And if you can’t qualify for a bank or institutional debt consolidation mortgage product, there still are private mortgages to consider for both first and second mortgage positions. Yes, private money costs more than a bank mortgage, but compared to credit card interest rates, private mortgage financing can still be a significant improvement over what you’re currently paying out each month.

The key to getting the best results from debt consolidation loans is to provide a mortgage broker with your complete financial situation (all debts and all assets).

Too often when people have an excessive short term debt load, they try to pay it down with their existing income and end up…

  • Paying almost everything to interest and not eliminating the root problem which is the principal balance.
  • Weakening their credit score through high credit utilization and the odd late payment.
  • Increasing their overall debt load by using one credit source to pay another.
  • Applying for additional credit cards that offer some short term benefit and when the benefit ends, the rates go back through the roof.
  • Further pushing down their credit score through excessive inquiries for additional credit sources.

This is what can be called the consumer credit death spiral.

And while a debt consolidation loan via mortgage may have been the best solution from day one, many times its considered to be more of a last resort type of solution.

Why?

I’m not completely sure myself.

Perhaps property owners don’t want to add long term debt to their mortgage, or maybe they don’t realize that debt consolidation is a real option, or it may even come down to a certain level of denial whereby they believe they will be able to get the debt under control someday soon.

But the cold hard reality is that the sooner you can identify the problem and take action, the more low cost options you’re going to have and the sooner you’re going to get the benefits that consolidation provide i.e. saving both your cash flow and your credit at the same time.

Waiting is likely going to erode your credit and could also increase the overall debt load, making it more difficult to come up with good consolidation options.

Debt consolidation through mortgage can allow you to basically start over and get back on track with your finances.  And outside of the immediate benefits consolidation provides, it will also preserve your credit rating so that you can utilize it to your best advantage in the future.

Not too many people know this, but having a good credit profile will not only save you thousands of dollars in cheaper credit over your life time, but it can also help you get a job.

That’s right.  More employers are doing credit checks on applicants applying for employment.  Why?  One reason could be that credit profiles can be viewed as a measure of character, how seriously you take your responsibilities, and how well you manage your own affairs.

Bottom line.  If you’re short term debt can’t get paid down or off in 6 to 12 months, or its already 6 to 12 months without improvement, then a debt consolidation mortgage is something you should be looking into right now.

Even if things have completely gotten out of hand, you should still find out what you’re options are right away.

The best way to do this is to give me a call and I will quickly provide you with a free assessment and together we can look at different options and decide what the best course of action is.

Click Here To Get In Contact With Debt Consolidation Specialist Joe Walsh

Consolidating Loans To Home

Share
Get In Touch With Joe
toronto mortgage broker contact
Free Mortgage Information

Free Mortgage
Report

The 5 Critical
Mortgage Financing Mistakes
and How To Avoid Them

Broker Affiliations
Dominion Lending Centres Toronto Ontario Canada



Mortgage Article Archive
More Mortgage Calculators
Click The Link To Access Additional Mortgage Calculators

Mortgage Calculators