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Living in a big city with rising costs can easily lead to debt, where even one missed payment can escalate due to late fees and interest. Debt consolidation simplifies and restructures your debts, making them more manageable. Our approach is to ease the stress of high-interest debts by creating personalized, realistic plans. No matter your financial challenges, including bad credit or maxed-out cards, our Ontario-based experts offer guidance. We leverage our extensive network and resources to assist numerous households in redefining their budget management, enabling them to optimize their financial resources.
A consolidation mortgage loan simplifies your budget, freeing up time and energy for other life aspects. It helps Ontario residents manage finances by consolidating debts into one manageable payment, replacing fluctuating credit card bills with a fixed monthly amount. This approach not only makes budgeting easier but also sets a clear path towards better credit health. These loans typically offer lower interest rates than lines of credit or payday loans. Burke Financial provides these mortgage solutions across Ontario, helping you achieve financial independence with expert guidance tailored to your unique situation.
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If you are drowning in debt and have multiple creditors calling, a Debt Consolidation allows you to consolidate your debt into a single monthly payment. It’s a sensible solution to managing debt that will not only improve your financial situation, but also your overall health and wellbeing by reducing your stress and anxiety levels.
Having bruised credit can be detrimental to most people trying to improve their financial situation. For most homeowners, the home equity they have built up over the years will mean they can obtain a Debt Consolidation to help polish up their credit score and perhaps secure larger loans in the future.
We have worked with hundreds of clients behind on bills and facing collection calls, so we understand how extremely stressful the situation can be. Our team knows that time is of the essence in a situation like this, and work hard to get this completed as quickly as possible so you can stop worrying about losing your home and get back to normal life.
By using a Debt Consolidation to consolidate higher interest debts you can reduce your monthly payments. In many situations, we have helped our clients reduce their monthly payments by up to 75%! Helping our clients not only be able to better afford their obligations, but also be able to put money aside for what matters most!
No matter what your monthly household income is, a Debt Consolidation can be structured to ensure your monthly obligations are not too much to handle. Even client’s who have little or no income can have their payments structured to match what they can afford. In many cases, we can even prepay the entire mortgage upfront, giving you no monthly payments during the term!
Having flexible repayment terms is great because it allows you to have the terms structured so that they are the most favourable for you. For example, it might be best to have a term that is fully open to repayment at any time without penalty. Or you might plan to sell your home in 6 months, so we can structure the maturity to align with that, saving you money.
We offer homeowners across Ontario the opportunity to get ahead of their debts with consolidation loan options. Your agent will review your financial situation, assess your income and expenses, and create a plan of attack. Whether you’re looking to turn your debt consolidation into a remortgage on your current home or you’re unsure where to even begin in the process, we have the tools to help.
A consolidation loan involves refinancing your outstanding payments by taking out a particular loan to pay off multiple creditors. By compiling your debts into a single bill, you’re creating a more efficient payment process that’s designed to help you become debt-free. Some of our clients have chosen remortgage as their debt consolidation option, which is a lump sum payment determined by the home equity you’ve accumulated from making mortgage payments on your home.
Juggling multiple credit card bills or outstanding loans is an unnecessary hassle, and we have the tools to make that process more efficient. A debt consolidation loan through a mortgage offers homeowners the tools to simplify their financial planning and manage their monthly budget by focusing on one low-interest payment rather than answering multiple creditors. With this streamlined process, our clients have been able to rebuild their credit score, save on interest payments, and walk away with a new financial rulebook that will serve them in the future.
Mortgages are a standard loan option for our clients, especially if they’ve lived in their home for many years and have accumulated a significant amount of home equity. This long-term loan option offers a structure for anyone experiencing the stress of trying to pay off multiple outstanding debts. When you remortgage your home for debt consolidation, you’re putting the equity you’ve earned to work for you. Working towards a set payback date with a manageable interest rate could help take some of the weight off your shoulders.
The debt consolidation and mortgage options we provide have the opportunity to help strengthen your credit score. If you’re making a consistent monthly payment and you’ve used the loan to pay off your high-interest debts, you’ll likely see your score rise, putting you in a better financial position to meet your future goals.
Yes we can. Since we have a diversified group of lending partners, each with different approval requirements, we can find one that best fits our clients needs. This allows us to still get approvals for clients who have been previously declined by the bank.
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