A debt consolidation loan would be a first or second mortgage loan that allows you to repay your debts to several or all of your creditors at once. You are then left with only one outstanding debt. In addition to streamlining your debts into a single payment, a debt consolidation loan usually will offer you an interest rate that is lower than that charged by your creditors.This option can be especially attractive if you have outstanding debts at a relatively high rate of interest (for example, those charged on some retail store cards or credit cards).

Eligible debts

This option may be suitable for debts such as mortgage loans, credit cards,bank loans, finance company loans or other consumer loans. It can usually save clients hundreds if not thousands in their monthly payments.

Who qualifies?

We are usually able to provide consolidation loans as long as there is enough equity in your home regardless of your credit or income