Debt consolidation allows you to secure a new loan by refinancing at a lower rate to pay off multiple loans or debts to provide the convenience of servicing one loan or debt.
The process works by paying off the bulk of your high-interest loans or debts with a second mortgage or home equity line of credit.
The overall lower interest rate is the most foremost benefit for consolidating your debts into a mortgage.
Without consolidating your debts, you keep paying multiple high-interest rate loans or debts that can be very expensive.
Consolidating all your debts into a mortgage will eliminate your existing loans and allow you to pay a single loan at the lowest interest rate.
Benefits
We help real people like YOU become financially certain regardless of your current situation.
Get access to over 300 alternative home loans and mortgages.
Get Approved Regardless Of Your Current Situation
Get Upto $350K
My family highly recommends SmartLend and the people who work there for their commitment and reselience. My husband & I were told its impossible to be funded by the banks and mortgage brokers until we leveraged Smartlend.
Monica Pollack | Toronto, Ontario - Recommends SmartLend.ca
You don’t need to be a financial wizard to become financially certain.
SmartLend.ca will do the heavy lifting for you.
Use your real property as a financial strategy
There is no minimum credit score to qualify for a mortgage because if your credit score is less than 630 (Fair) a B-Lender or an alternative lender may fund your mortgage with a slighlty higher interest rate.
If you have a good credit score which is 750 and greater you are very likely to be funded by a major bank with lower interest rates and fees.
Banks make sure you can afford to borrow funds before they lend to you. But sometimes, it's possible to buy more house than you can truly afford. Getting approved for the money to buy a home is one thing, but being able to truly afford it is another.
SmartLend.ca can help you get funded regardless of your current situation.
You can access upto 85% of your home equity and upto 95% under certain circumstances.
You don't need to have perfect credit to qualify for a mortgage.
100%, Yes!
We Help Real People Like You Become Financially Certain, Regardless Of Your Current Situation