Debt Consolidation in Toronto

Feeling overwhelmed by multiple high-interest debts?
Toronto's debt consolidation lets you merge credit card bills, personal loans, or other unsecured debts into one mortgage or home equity loan. Turkin Mortgage makes it easy:

• Tap into equity: Secure a loan with lower interest using your home's value (like a HELOC or equity take-out).
• Simple payments: One fixed monthly payment instead of several.

Save on interest: Use mortgage rates (around 3 - 6%) versus credit card rates (19 - 29%).

• With relationships with over 35 lenders, we'll find terms that fit your needs.

Concerned about your financial past?
Qualifying factors include:

• Home equity: Usually need 15 - 20% or more in your Toronto home.
• Stable income: Consistent earnings from employment or self-employment.

Credit history: Even with less-than-perfect credit, options may exist.

• We offer no-obligation, confidential assessments.

Worried about lowering your score?
When done right, consolidation might boost it over time:

• Lowers credit utilization by clearing revolving debts.

Reduces late payments risk with a single deadline.

• There might be a small initial drop from credit checks, but we'll help lessen it.

Tired of constant harassment?
Absolutely. After consolidating:

• Creditors get paid, ending collection activities.

We manage negotiations to keep everything private.

• Enjoy a stress-free life within a few weeks.

Not sure what qualifies?
Most unsecured debts can be included:

• Credit cards
• Payday loans
• Tax debts

Personal credit lines

• Remember: Secured debts (like car loans) usually aren't eligible.

Fed up with high interest rates?
Savings vary based on your current rates and loan duration.
Example:

• $50,000 at 22% credit card interest → $1,100/month (over 5 years).

At 5% mortgage interest → $530/month (10-year term).

• Possible savings: Over $25,000 in interest.

Thinking about extreme options?
Consolidation is generally a smarter move:

• Keep your property: No need to sell assets.
• Protect your credit: Keep future financing options open.

Maintain privacy: No public bankruptcy record.

• We're here to discuss all options with you.

Worried about jeopardizing your home?
While your home secures the loan:

• Other assets (like cars or savings) aren't at risk.

Terms can be adjusted to avoid equity loss if payments are timely.

• We ensure you're informed at every step.

Concerned about losing flexibility?
We advise:

• Limit usage: Concentrate on clearing the consolidated debt.

Adjust limits: Some lenders may lower your credit lines.

• We'll guide you in rebuilding credit wisely.

Eager to free yourself financially?
It varies, but common outcomes are:

• 5 - 10 years: With mortgage-based repayment plans.

Quicker solutions: Make extra payments without penalties.

• Swift approvals mean you could start seeing savings in about 3 weeks.