Debt Consolidation Mortgage | Brampton Mortgage Broker - Rumy Gill

Debt Consolidation Mortgage

We have many years of experience in helping clients in Brampton with Debt Consolidation Mortgage Approvals that allow them to lower their overall monthly payments and find real savings through their mortgage.

So what really is a Debt Consolidation Mortgage, you might be asking yourself.

Simply put, a Debt Consolidation Mortgage is a mortgage that allows you combine several of your debts or liabilities (such as; car loan, credit debts, pay day loans, personal loans, collections, etc) into one single monthly payment at one low rate so you can save a lot of money.

Here is an example of we were able to help one of our clients with;

“Our client had a mortgage for $325,000 and owed $100,000 in debts and liabilities outside of their mortgage. This equaled to;
$35,000 for a car loan at $600 a month,
$40,000 for their several credit cards at $1,200 a month
$20,000 for a personal loan at $800 a month,
$5,000 on personal loans at $400 a month.

This worked out to be $3,000 a month, plus their $325,000 mortgage at $1,660 a month.

Our client was paying a total of $4,660 in monthly payments on their mortgage and their debts and liabilities.

We helped our client put their $100,000 of debts and liabilities into their $325,000 mortgage, which became a new $425,000 mortgage at a $2, 015 a month.
We were able to help save our client over $2,645 a month and yearly savings of $31,740 a year.

This allowed our client to have one low monthly payment at a much lower rate than before as you can see from above and now our client only had to focus on making one single payment instead of a few several payments they were making before.”

What are the Benefits of a Debt Consolidation Mortgage?

Benefits of a Debt Consolidation Mortgage | Brampton Mortgage Broker - Rumy Gill
Benefits of a Debt Consolidation Mortgage | Brampton Mortgage Broker – Rumy Gill

Utilizing a Debt Consolidation Mortgage has many advantages as you see from the example of a previous client were able to help. We are able to help our clients with customized solutions in reducing their outstanding monthly debts and liability payments and then structure the perfect mortgage to absorb these debts and liabilities and convert them into huge amounts of monthly saving.

Our restructuring process allows us to help with eliminating the high interest debts and liabilities that our clients are paying by cleaning up and paying off all our client’s debts and liabilities in full. This results in a positive credit rating for our clients, as they are no longer need to keep making monthly payments to these debts and liabilities since they have been paid off in full through their mortgage. The original balances are transferred to their new mortgage and the new monthly payments reflect the savings we were able to obtain for them.

This process allows our clients to focus one single low rate monthly payment instead of having to make multiple payments at various high interest rates. Saving them hundreds to thousands of dollars in high interest costs. This is why our clients are able to benefit from monthly savings and positive monthly cash flow each month.

Our clients love the idea of one single payment they have to make instead of the several payments they were making before.

Have questions or just want to learn more about a Debt Consolidation Mortgage?

Got Questions About a Debt Consolidation Mortgage | Brampton Mortgage Broker - Rumy Gill Can Help
Got Questions About a Debt Consolidation Mortgage | Brampton Mortgage Broker – Rumy Gill Can Help

We are able to help with all different situations for a Debt Consolidation Mortgage, but with that being said, if you still want to learn more about how this type of financing can help your situation make sure to contact us today to find out how much you can save. We are always here to help answer your questions and find you the best financing option where you can save the most amount of money.

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