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Debt Consolidation through Mortgage Refinancing
- Are you always worried about money?
- Are you struggling to meet your mortgage debt, car payment or credit card bills?
- Are you always in overdraft?
- Are you making minimum monthly payments on your credit card debts?
- Are you borrowing money from family or friends?
- Are you behind on your credit cards, loan or mortgage payments?
- Are creditors constantly hounding and harassing you?
- Are there threats by collection agencies of Court action?
- Have Court actions for Power of Sale commenced against you and your property?
As your Mortgage Broker, we can assist in credit card, loan and bill consolidation through refinancing to eliminate any/all of the above mentioned RED flags that may pertain to you.
Using the equity or "value" available in your property, you can refinance a mortgage loan to reduce or eliminate your credit card debt, outstanding bills and even include other secured debts that may have higher interest or monthly payments. Property values have gone up due to market conditions, with refinancing allowing you to use that "increased value" to reduce monthly financial responsibilities. Combine all your bills into one manageable payment.
OUR EXAMPLE:
| Before Debt Consolidation |
| Existing Mortgage |
|
| Property Value | $220,000 |
| Mortgage Balance | $140,000 |
| Interest Rate | 6.9 % |
| Term | 5 year |
|
| Monthly Payments |
| Credit Cards ($12,000) | $450.00 |
| Other Debt ($5,500) | $350.00 |
| Mortgage | $1,068.91 |
|
| Total Payments | $1,868.91 |
|
|
| After Debt Consolidation |
| Refinanced Mortgage |
| Property Value | $220,000 |
| Mortgage Balance | $157,500 |
| Interest Rate | 5.25 % |
| Term | 5 year |
| New Monthly Payments |
| Credit Cards ($0) | $0.00 |
| Other Debt ($0) | $0.00 |
| New Mortgage Payment | $1,056.34 |
| Total Savings | $812.57 |
|
|
Contact us now that we may begin to assist you in regaining control of your finances.
As Mortgage Brokers in Ontario, we at Genesis Associates are available by phone any regular business day from 9 a.m. to 8 p.m. for all your debt consolidation mortgage refinancing questions. Email and Fax of course is 24/7. Our belief is for you to feel comfortable with the people you deal with, and there is no better way for us to begin than by you picking up the phone. We ARE here to help.
Our intent with this web site is to provide you with a basis for which a personal and working understanding and relationship may be developed.
Our Ontario Mortgage Broker professional certificate dates back to September 1985. Our Business Registration Number is #3987.
Additionally, as a member of CIMBL (Canadian Institute of Mortgage Brokers and Lenders certificate #7263) and
IMBA (Independant Mortgage Brokers Association of Ontario) you can take comfort in our integrity and confidentiality.
We are presenting ourselves personally and professionally to be used by you as an asset, to assist in all your debt consolidation through mortgage refinancing in Ontario.
© All rights reserved. Genesis Associates Ltd. - Debt Consolidation Loan (mortgage)
Brokerage Licence Number 10295
