Get a handle on your debts by refinancing!

Consolidating your debts

There's hope yet…

Struggling to make ends meet every month. Can't see the light at the end of the tunnel? Your financial institution is reaping the profits of your interest payments and likely don't want to make it easier on you. A Multi-Prêts broker won't hesitate to find lower interest rates that'll keep your interest payments low and make your loan easier to pay off. Give us the chance to show you!

Borrow up to 80% of the value of your property

Having equity in your home means you can borrow money at very low interest rates. A Multi-Prêts broker can help you reap the benefits! 

If you own an income property (five or more units), you can borrow up to 85% of the property's market value. Use our tools to calculate how this could help you improve your financial situation!

The benefits of debt consolidation

  • Lower monthly payments
  • Lower interest payments (with reduced interest rates on debts)
  • Better financial management (one payment instead of several)
  • Keep your credit profile clean

Top 3 reasons to consolidate your debts

  • You are having difficulty balancing your budget, living month to month
  • Your income has recently gone down or is less stable
  • Your interest rates are higher than you'd like
Put some breathing room in your budget

The more your debts and payments multiply, the more complicated managing your finances becomes. When you consolidate your debts in a mortgage, you can pay back quicker by paying less interest, thanks to lower rates. 

Stop your credit rating from deteriorating further

When you lose control over your debt payments, it hurts your credit rating. You can reverse the situation by taking advantage of a low interest rate on your mortgage!


Refinancing: How much can I save?

Situation before consolidation

  Rate Balance Term Payment / Month
Car loan 12% $10,000 10 yrs $350,00
Personal loan 15% $5,000 5 yrs $400,00
Mortgage 15% $200,000 20 yrs $1052,04
Total monthly expenses$1,802.04

Situation after consolidation

  Rate Balance Term Payment / Month
Refinancing 4% $215,000 25 yrs $1,130.94
Monthlty savings$671.10

Speak with a broker. Call us at 1 800 798-7738