Consolidate your debt and to simplify your financial situation.
Lower your monthly payments
Lower your interest rate
Improve your credit score
Debt Consolidation Mortgages
For many homeowners, there may come a time where it makes more sense to consolidate your debt and to simplify your financial situation. Like most of us, you probably have a car payment, some credit cards, retail cards, and maybe some personal loans. The month-to-month cost of all these debts combined can make it very difficult to get ahead, as all you end up doing is paying the interest or “minimum balances” of the loans. This is not an ideal situation, and it can be detrimental to your financial health. The good news is debt consolidation mortgages.
Using the money in your home to consolidate all of your debt is a winning solution. Combining all of your debts and adding them onto your mortgage, also known as refinancing, has several advantages. For one, the interest rate and amount of interest you pay is lower overall. Interest paid on credit cards can range from 10% to as high as 29%! This rate is compounded monthly as opposed to the semi-annual compounding period you get with a mortgage.
Perhaps the biggest advantage, though, is the monthly payment. By adding your debts to your mortgage, you can capitalize on a very low monthly payment. This can often give you the breathing room needed to put a plan into action and really start paying off your debt. By consolidating your debts, you can save thousands each year in interest alone. You will keep your credit rating in good shape by not missing any payments, and eliminate late fees and penalties.
Debt consolidation mortgages for all situations
Our mortgage specialists can help you find the right debt consolidation mortgage for your specific situation. We are not concerned about your current income, amount of debt, or your credit score like the banks. Whether you are being called by collections agencies threatening legal action, considering a consumer proposal, or even filing for bankruptcy, we can help you find a better financial solution.
A debt consolidation mortgage allows you to take equity from your home without touching the first mortgage to pay out the debt and improve your credit. This is called a second mortgage. In addition, the Matrix Mortgage Debt Reduction Program can actually reduce the amount that you repay to creditors by as much as 50% without a consumer proposal or filing bankruptcy.
Celebrating 10 Years of Solution Based Lending for Commercial Mortgages
The business community has played a large role in our success over the years. We are proud to say we have helped to finance all sizes of companies from many different industries across Canada with our commercial mortgage solutions. As a top brokerage in Canada, we care about your financial health, and our custom commercial mortgage solutions are proof of this. In celebrating 10 years of solution based lending for commercial companies, we just wanted to say thank you to our business customers for choosing us when they need financing and commercial mortgages. We are happy we had the opportunity to play a role in your company’s success, and we look forward to doing so for years to come.
Matrix Mortgage Global, Est. 2008
We specialize in alternative residential and commercial mortgages.
Matrix Mortgage Global © 2017
10060 Jasper Ave #2020,
Edmonton, AB T5J 3R8
Brokerage License# X300671