Debt Consolidation
The right mortgage, through the right lender, the right way.
High-interest credit cards, car loans, and personal loans can make managing your finances overwhelming. A Debt Consolidation Mortgage in Canada lets you combine multiple debts into a single, lower-interest mortgage payment — helping you save money, reduce stress, and free up your monthly budget.
At Sunlite Mortgage, our agents specialize in debt consolidation solutions for Canadians nationwide. By tapping into the full spectrum of lenders — including banks, credit unions, monoline lenders, and private options — we help you replace high-interest debts with a single, manageable mortgage payment.
Ready to roll your debt into one payment? Use our Debt Consolidation Calculator today.
What Is a Debt Consolidation Mortgage?
A debt consolidation mortgage allows you to refinance your home to pay off high-interest debts, giving you a single monthly mortgage payment at a lower interest rate.
Rather than juggling credit cards at 19% or personal loans over 10%, you can tap into your home equity to access funds at lower mortgage rates. Sunlite Mortgage agents guide you every step of the way, helping you understand the potential savings and repayment plan before you make a move.
How Does a Debt Consolidation Mortgage Work in Canada?
The process is straightforward when you work with Sunlite Mortgage agents:
- Assessment → We evaluate your debts, monthly obligations, and available home equity.
- Application → We submit your profile to lenders most likely to approve you at competitive rates.
- Approval → Funds are advanced, high-interest debts are paid off, and your new mortgage replaces multiple
- payments. Savings → You enjoy one manageable monthly mortgage payment and greater financial freedom.
Is Debt Consolidation the Same as Refinancing?
Not quite. A debt consolidation mortgage is a specific type of refinancing. While refinancing generally means replacing your existing mortgage, debt consolidation specifically uses that refinance to pay off external debts like credit cards or personal loans.
Not sure which path is right? Visit our Refinance Mortgage page to compare.
What Options Might You Have?
Banks and Credit Unions
These institutions offer structured terms but are selective and limited to their own
products — which may not always be the best fit for you.
Sunlite Mortgage Brokers
We work with a wide network of lenders, including banks, credit unions, trust companies, and regulated private lenders, to find the option that offers the best terms for your situation.
Regulated Alternative Lenders
For clients with non-traditional income, credit challenges, or unique financial needs, regulated alternative lenders can provide approvals tailored to your financial picture.
At Sunlite Mortgage, we guide you through these options, helping you compare
pathways and choose the solution that best aligns with your goals.
Other Service
Ready to Get Started?
Embark on your mortgae journey today. Let us guide you through tailored solutions and expert advice, ensuring you secure the perfect mortgage for your needs.
Simplifying the mortgage process and empowering you with smart choices.
Our mission is to demystify the mortgage journey, making it accessible and clear. We empower you with informed decisions, ensuring you make the smartest choices for your future.
Experience
With [8 years] of hands-on experience in the mortgage industry, successfully navigate the home financing process with confidence. From first-time buyers to seasoned investors, we bring deep market knowledge and reliable guidance at every stage of the mortgage journey.
Client-Centric Approach
We’ve proudly supported 100+ by simplifying the mortgage process, offering tailored financing solutions, and providing clear, transparent guidance at every step. Our focus is always on building long-term trust and delivering a smooth client experience
Proven Results
Our track record of securing over $540 million in financing speaks to our commitment to empowering clients with smart choices for their home financing needs.
Let's Start Your Journey
Ready to take the first step towards your mortgage goals? Reach out to us by filling out the form below, and our experts will be in touch to discuss your personalized mortgage needs.
