The monthly payment usually falls
Mortgage rates are typically well below credit-card rates, so moving balances across normally brings the combined monthly payment down and leaves more room in the month.
ADMortgages
Juggling high-interest balances?
You still have real options
Carrying balances across cards and loans is more common than most people think, and it does not put you out of reach. Aly will look at the whole picture with you and tell you plainly what is possible.
You'll be speaking with Aly Thanks, you're all set. ADMortgages gets back to you directly to set things up.
Prefer to talk? Call (416) 897-2387.
Licensed in Ontario, normally one credit check covers the search · Bank and alternative lenders · No cost to talk, no obligation
Aly compares options across over 50 lenders, from the big banks to regional and alternative lenders, at no cost to talk and no obligation. Serving Markham, Richmond Hill, Stouffville, Aurora, Newmarket, Ajax, Pickering, Oshawa and Whitby.
The worst time to learn your options is after another payment slips. A short call now costs nothing.
Aly starts from your equity, your income and your payment history rather than a single score, and tells you plainly which doors are still open.
Folding debt into a mortgage changes the shape of it
It is worth understanding both halves of that before deciding, so here they are.
The total interest can rise
Spreading a balance over a longer amortization can mean paying more interest overall, even at a lower rate. Aly shows you both numbers so it is a decision, not a surprise.
Bruised credit is not a dead end
There are lenders whose whole business is files the big banks turn down. That can cost more, and Aly will be straight with you about that.
What we offer
- Mortgage renewals and switches
- First-time home buyers
- Refinancing and equity take-out
- Debt consolidation
- Self-employed and business-for-self
- New to Canada
Frequently asked questions
Does consolidating mean I pay less overall?
Not necessarily. The monthly payment usually goes down, but stretching a balance over a longer amortization can increase the total interest you pay. Both figures get put in front of you before anything is signed.
My credit has taken a hit. Is it worth calling?
Yes. Lenders outside the big banks price for exactly these files. Aly will tell you what is realistic, including if the honest answer is to wait.
Do I need equity in my home?
Generally, yes. Consolidating this way works by securing the balances against the property, so how much equity you hold shapes what is available.
Request a callback
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