Stop allowing your debts to suffocate your finances. Learn how to pay off your debts and high-interest loans, to improve your monthly cash flow. APPLY NOW.
Debt consolidation is the process in which homeowners can access the equity in their homes to pay off debts that may be holding them back. This is a commonly suggested strategy used for homeowners looking to improve their cash flow and reposition themselves financially.
The month to month costs of all your debts can make it very difficult to grow financially. More and more Canadians are struggling with debt and high interest loans everyday. Debt amongst Canadians is as common today as it’s ever been. Canadians now owe roughly $1.70 for every $1 they earn, a ratio that analysts state is among the highest in the developed world.
There are different mortgage products and strategies that can be used to consolidate debt. At Wise Equity we do a full in depth analysis of our clients’ situation and present multiple solutions, tailored to help our clients alleviate their debt and reposition themselves. Which allows them to be more flexible with their finances. Let us help you get rid of your high interest debt today, so you can save for tomorrow. APPLY NOW.
Wise Equity helped me consolidate my debt. The service was smooth and transparent. My wife and I are extremely satisfied!
– Michael Hill
Debt Consolidation Case Study
|CURRENT MORTGAGE||DEBT CONSOLIDATION MORTGAGE|
|Property Value 650,000||Property Value 650,000|
|Current Interest Rate 3.53%||New Interest Rate 3.49%|
|Mortgage Amount $455,000||New Mortgage Amount $520,000|
|Total Loans & Credit Cards $55,000||Total Loans & Credit Cards CONSOLIDATED|
|Personal Loans $2000 monthly at 29% Interest||Personal Loans PAID|
|Credit Cards $2500 monthly at 17% Interest||Credit Cards Debts PAID|
|Current Monthly Mortgage Payment $2279||New Monthly Mortgage Payment $2593|
|Total Monthly Payments $7579 monthly||New Monthly Payments $2593 monthly|
|Monthly Household Income $9000 monthly||Monthly Household Income $9000 monthly|
|Money Left for all Remaining Expenses $1421||Money Left for all Remaining Expenses $6407|
|In the first scenario it becomes almost impossible to save and grow financially. After paying for personal expenses you’ll have little to no money left over. People in this scenario often continue to leverage credit incorrectly and bury themselves even further.|
|Be Wise with your Equity. Improve your cash flow and learn how to effectively save your HARD EARNED money!|
Consolidate your Debt and Improve your Cashflow!
Head Office: 100 Consilium Pl. Suite 203 Toronto, ON M1H 3E3
Toronto Location: 2 Bloor St. E Suite 3500 Toronto ON M4W 1A8
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