Consolidating debt with mortgage canada

The idea is to considerably reduce the interest you pay and your monthly debt payments.

It is easy to rack up considerable debt on credit cards, especially when you might struggle financially just to get through the month.

With interest rates that are typically around 20%, simply making minimum payments can be a financial strain.

Consolidating this debt into a lower interest rate loan with a longer payment period can free-up more of your monthly income.

Monthly car or truck payments can be a struggle when you’re on a fixed income.

It puts them back on their feet and helps give them more financial stability.

Many retired Canadians turn to payday loans to get them through the current month or to cover an unexpected bill.

You only have to pay back what you owe when you move out of your home or sell it.

A CHIP Reverse Mortgage® can help you to reduce financial stress, increase your disposable income and get back on your feet.

By lowering your monthly payment and consolidating multiple payments into one, you are more likely to make every payment on time and in full.

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