Services / Renewals & Refinancing / Debt Consolidation
Credit cards, car loans and lines of credit can add up quickly. Rolling them into your mortgage can replace several high-interest payments with one lower one. We'll show you the real numbers before you decide.
Debt Consolidation at a glance
Guide
Payments
Typical savings
Uses equity
Plan
Figures are general guidelines; your options depend on your situation.
Clear communication at every step, so you always know what's happening next.
We gather your balances, rates and monthly payments.
We show your monthly and long-term costs before and after.
We choose a refinance, HELOC or second mortgage — whichever fits.
Debts are paid out at closing, and you start fresh with one payment.
A few key points we'll walk through with you before you make any decisions.
Spreading short-term debt over a mortgage lowers your payments but can add interest over time. We'll show you both sides.
Your lawyer typically pays creditors directly, so balances are cleared on day one.
Consolidation works best with a plan. We'll help you build one so you can use the extra cash flow wisely.
Don’t see your question here? Give us a call — we’re happy to talk it through.
In most cases, yes — mortgage rates are usually much lower than credit card or loan rates.
You may still have options, including alternative lenders or a second mortgage. We'll explain the costs and a path back to standard lending.
Possibly. A HELOC or second mortgage can sometimes avoid a penalty. We'll compare the options.
This page is for general information only and isn’t financial advice. Mortgage rules, program limits and lender requirements change and depend on your situation; all financing is subject to lender approval. Koru Financial Group Inc. — FSRA Brokerage #12726.