Consolidating debt with your mortgage

A "Home Equity Loan", "Home Equity Line","refinancing your mortgage / re-mortgage" and getting a "second mortgage" are all different names for the same thing and are sometimes used as a debt consolidation option.These terms refer to the bank lending you money against the portion of your home that you own.

Sometimes you can get the same interest rate on your second mortgage as you got on your first mortgage, but this isn't always possible (talk to your lender to find out more).Contact us by phone at 1-888-527-8999, send us an email or chat with us online right now.One of our Credit Counsellors will be happy to offer you debt consolidation advice.It is wise to remain mindful of the fact that we are currently living with historically low interest rates.This means that we cannot count on them to stay this low forever.

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