Debt Consolidation

Save Money and Lower Your Stress

Debt consolidation mortgages combine all your debt into one monthly payment.

The Right Answer to High Debt

If you have credit card, line of credit, or other high interest debt, it can feel like you’ve only ever paying the interest. However, a debt consolidation mortgage can bring those interest rates back in line. Because it is secured against your property, the interest rates are considerably lower.

Your GTA debt consolidation mortgage will essentially take all your high interest debts and pay them off, rolling their principal balances into your low interest mortgage, effectively saving you money and creating a once monthly payment that is much easier to manage.

What types of debt are eligible for debt consolidation?

In short, any type of debt you have other than personal loans can be covered by a debt consolidation mortgage. From car loans and credit cards to personal lines of credit from your bank, GTA Mortgage will find the perfect debt consolidation mortgage from our 70+ partners to make your debt more manageable.

Helping Canadians achieve home ownership

More Than

1,200+

Mortgage Loans Completed


With Over

20+

Years of Mortgage Experience

Current Debt

Car loan + credit cards

$40,000.00 in debt principal

$1,000.00+ in paid monthly interest

Your Mortgage

Original amount - $500,000.00

Amount paid - $150,000.00

Amount owed - $350,000

New Mortgage

$540,000.00

2% Fixed rate

$1906.00 monthly payments

Debt consolidation example:

Let’s say you have $40,000 in debt that doesn’t include your mortgage. Because these are higher interest rate debts, you’re paying more than $1,000 each and every month just in interest.

At the same time, you have a house you bought 5 years ago at a price of $500,000 with a down payment of $100,000 and a mortgage for 30 years, leaving a balance of $350,000 to be paid. Because the property has appreciated, it is now worth $700,000, which means you actually have $350,000 in equity, enough to easily pay off your other debts.

Now let’s imagine you get a debt consolidation mortgage in the amount of $450,000. This allows you to pay all your high interest debts off entirely. Instead of paying their high interest every month, you’ll now be paying a $1,906.00 monthly payment at the lower interest afforded by your debt consolidation mortgage.

Sounds like a good deal, right?

Debt consolidate

Save Money and Lower Your Stress

Debt consolidation mortgages combine all your debt into one monthly payment.

The Right Answer to High Debt

If you have credit card, line of credit, or other high interest debt, it can feel like you’ve only ever paying the interest. However, a debt consolidation mortgage can bring those interest rates back in line. Because it is secured against your property, the interest rates are considerably lower.

Your GTA debt consolidation mortgage will essentially take all your high interest debts and pay them off, rolling their principal balances into your low interest mortgage, effectively saving you money and creating a once monthly payment that is much easier to manage.

What types of debt are eligible for debt consolidation?

In short, any type of debt you have other than personal loans can be covered by a debt consolidation mortgage. From car loans and credit cards to personal lines of credit from your bank, GTA Mortgage will find the perfect debt consolidation mortgage from our 70+ partners to make your debt more manageable.

Current Debt

Car loan + credit cards

$40,000.00 in debt principal

$1,000.00+ in paid monthly interest

Your Mortgage

Original amount - $500,000.00

Amount paid - $150,000.00

Amount owed - $350,000

New Mortgage

$540,000.00

2% Fixed rate

$1906.00 monthly payments

Debt consolidation example:

Let’s say you have $40,000 in debt that doesn’t include your mortgage. Because these are higher interest rate debts, you’re paying more than $1,000 each and every month just in interest.

At the same time, you have a house you bought 5 years ago at a price of $500,000 with a down payment of $100,000 and a mortgage for 30 years, leaving a balance of $350,000 to be paid. Because the property has appreciated, it is now worth $700,000, which means you actually have $350,000 in equity, enough to easily pay off your other debts.

Now let’s imagine you get a debt consolidation mortgage in the amount of $450,000. This allows you to pay all your high interest debts off entirely. Instead of paying their high interest every month, you’ll now be paying a $1,906.00 monthly payment at the lower interest afforded by your debt consolidation mortgage.

Sounds like a good deal, right?

Learn more about debt consolidation mortgages

At GTA Mortgage, we want you to understand how a debt consolidation mortgage loan can actually save you a considerable amount of money in the long-run, not to mention the headaches it gets rid of. Contact us today to learn more about our debt consolidation mortgages in Canada.

Learn more about debt consolidation mortgages

At GTA Mortgage, we want you to understand how a debt consolidation mortgage loan can actually save you a considerable amount of money in the long-run, not to mention the headaches it gets rid of. Contact us today to learn more about our debt consolidation mortgages in Canada.