Debt Consolidation
The right mortgage, through the right lender, the right way.
Struggling with high-interest debts from credit cards, car loans, or personal loans? A Debt Consolidation Mortgage in Canada can merge your debts into one lower-interest mortgage payment, making it easier to manage, reducing stress, and freeing up your monthly cash flow.
We help Canadians consolidate their debts by connecting with a variety of lenders, from banks and credit unions to private and monoline options. The result: one manageable mortgage payment replacing multiple high-interest debts.
Ready to roll your debt into one payment? Use our Debt Consolidation Calculator today.
What Is a Debt Consolidation Mortgage?
Refinance your home with a debt consolidation mortgage to pay off high-interest debts, simplifying your finances with one lower-interest monthly payment.
Instead of juggling credit cards at 19% or personal loans over 10%, you can leverage your home equity to access funds at lower mortgage rates. Expert guidance helps you understand potential savings and repayment options before you take action.
How Does a Debt Consolidation Mortgage Work in Canada?
The process is straightforward when you work with experienced 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 all refinancing is the same. A debt consolidation mortgage specifically allows you to refinance your home to pay off high-interest debts like credit cards or personal loans, rather than just replacing your existing mortgage.
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.
We guide you through these options, helping you compare different pathways and select the solution that best aligns with your goals.
Other Service
Ready to Get Started?
Embark on your mortgage 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.
