PERSONAL DEBT CONSOLIDATOR
Is debt consolidating the right strategy for you? If you're like many Canadians, you may be carrying debt from several sources, such as credit cards, car loans, or personal loans. If so, you are most likely paying more in interest costs than you should be. One solution is to have a mortgage broker arrange a consolidation loan that replaces consumer debt with a single lower-interest loan. This can also be a way to improve your monthly cashflow.
Our Personal Debt Consolidator Calculator lets you see at a glance the potential advantages of this approach. Compare your current monthly payments on various debts with what you could pay with a single consolidation loan. With the Personal Debt Consolidator Calculator you can also see a full report on the repayment schedule for a new consolidation loan, as well as the total interest costs for this loan.
(Hint: Refinancing your mortgage can also offer a way to deal with high-interest debts, by replacing higher-interest debts with lower-interest mortgage debt. Ask an Invis mortgage broker about the advantages of this mortgage strategy.)
Count on an Invis mortgage broker to guide you through the process of consolidating your various debts – you could end up with significant savings.
