Debt Consolidation, Second Mortgage, Line Of Credit

Save Money Through The Consolidation Of Debt

The equity in your home can be used to consolidate any outstanding debt that you have. The advantage comes from the fact that the interest rate on a Line of Credit or a Second Mortgage is lower than credit cards or other types of personal loans.

With new mortgage products being offered, it is possible to use up to 90% of your home value for the purpose of consolidating your debt.

Example On How To Save Money Through Debt Consolidation

Existing Mortgage and Debt		New Mortgage With Zero Debt
Mortgage Balance	$100,000	Mortgage Balance (with debt)	$115,000
Interest Rate	6.25%	Interest Rate	5.40%
Credit Cards	$10,000	Credit Cards	$0
Other Debt	$5,000	Other Debt	$0
Monthly Payments		New Monthly Payments
Credit Cards	$300.00	Credit Cards	$0.00
Other Debt	$150.00	Other Debt	$0.00
Mortgage	$654.75	1 Mortgage Payment	$695.28
Total Payments	$1,104.75	Total Savings	$409.47

The Military Mortgage Plan is the single plan you need to take advantage of it all!

For more information or to set up an appointment

(416) 619-9248

ARupf @ MorCan . ca (without spaces)