Manage your cash flow and save money with debt consolidation!
One of the easiest and most effective ways to manage your cash flow, save money and reduce debt more quickly is to consolidate your loans, lines of credit and credit card balances into your mortgage, a secured line of credit or a second mortgage. With a debt consolidation, you could improve your cash flow, save on interest and pay off debt faster. Also, you will have one payment to make instead of several. All this makes things easier to manage and to put a plan in place to eliminate the debt within a specified period.
Benefits of Debt Consolidation
- Lower monthly payments. By consolidating debt, it is possible to obtain a much lower overall interest rate. In addition, the payment terms could be extended to improve your monthly cash flow. However, there will still be a plan in place for you to be able to pay more than the minimum to reduce your debt faster.
- Credit card interest. Most credit cards have a high interest rate. By consolidating your credit card balances, you could reduce your interest costs and set up a dedicated plan to pay off the debt.
- Simplify. Have only one monthly payment to worry about instead of several.
Have questions, need some help. Let’s get started. Call us at (905) 265-0246 or email us at mortgages@thefinancialforum.ca
