Debt Consolidation

At Indigoblue, we have helped many homeowners across Ontario to consolidate all of their debts into a single loan with our second mortgage solutions. If you are overwhelmed by a large number of bills every month, getting a debt consolidation mortgage might be something to consider. By consolidating multiple bills into one easy low interest mortgage payment you cut down on the total amount of your monthly payments, which will give you more cash flow as well. Ultimately this option will help you save a large amount of money in the long term!

GET APPROVED NOW

DEBT CONSOLIDATION CALCULATOR

REAL EXAMPLE

Struggling with high interest credit card debt, Indigoblue offered a consolidation solution to pay off previous outstanding credit and increase monthly cash flow with lower rates/ payment plan.

MORTGAGE PURPOSE

Taking a new first mortgage to consolidate existing first and to pay off second mortgage as well as various other outstanding credit card debts.

PROPERTY

Location
Barrie, ON
Type
Single Family Detached
Value
$350,000

BORROWER

Who?
Married couple, no dependents
Beacon Score
560 and 580

Credit issues
· Late payments on credit cards and personal loan
· Taxes in arrears

Employment
· First application works full time and is salaried
· Second applicant is a general store manager
· Income documents used include: Job letter and pay stubs

Indigoblue Solution

Consolidation allowed the borrower’s the much needed payment relief. Now borrowers are not caught in a continuous downward spiral of paying interest only on their highest internal bills.
Term 1 year
Loan to Value Ratio 80% Refinance to consolidate exisiting 1st, 2nd and other outstanding debts.

 


Call for a no-obligation consultation call. Fill out the form below and we will call you within 24 hours.

GET APPROVED IN 3 EASY STEPS!


STEP 1

Type of Loan:

PurchaseRefinance

Mortgage Request:

1st Mortgage2nd Mortgage

STEP 2

Property Value:

Mortgage Request:

STEP 3

Name:

Email:

Phone:

City: