Signet Mortgage Solutions

Debt Consolidation

Saving You Money

Many Canadians are taking advantage of the appreciation in their homes over the past decade which also includes benefits of low interest rates and lender refinance programs.

Debt consolidation allows you to borrow against the equity in your home to repay your debts and take advantage of lower interest rates and one payment, which helps saving you money in interest charges. This option can be easily attractive if you have outstanding debts at a relatively high rate of interest (Credit Cards, Line of Credits and more).

Debt Consolidation Loans/Settling Debt

Consolidating your debts allow for a single loan (generally from a financial institution) that allows you to repay your debts to several or all of your creditors at once, which in return allows for one single payment. In addition to streamlining your debts into a single payment, a debt consolidation loan may also offer you an interest rate that is lower than that charged by your creditors; saving you money in interest.

We can arrange for a loan equal to the amount of your total outstanding debts that are currently due. In most cases, we will settle all of the debts for you, and in return, the only monthly payment you will have to make will be to them.