Consolidate Debts Using Your Home Equity

Posted by on September 4, 2012

The Increasing Popularity of Debt Consolidation

More and more Albertans are considering debt consolidation Lethbridge to solve some of their financial situations. With interest rates as low as they are at this current time, it is no wonder that Canadians are jumping on board with debt consolidation options to free up some capital to be used for other pressing expenses.

What is Debt Consolidation?

Debt consolidation involves taking multiple debts and loans that you might have, and consolidating them all into one loan, and therefore one monthly payment. People who find themselves with too many bills to pay at the end of the month, at sky-high interest rates, would be wise to take advantage of a debt consolidation program to help them better manage their debt and pay it off sooner, especially considering how low mortgage interest rates are at the present time.

Why Take Advantage of a Debt Consolidation Program?

There are many reasons why a homeowner would consider a debt consolidation program, such as the following:

  • Reduce overall debt payment
  • Reduce interest rate paid out every month
  • Better manage debt with only one monthly payment as opposed to many payments and bills
  • Reduce or eliminate late payment fees
  • Become debt-free faster
  • Improve credit

Those who are having difficulty in paying off all their debts or bills may find debt consolidation very useful and helpful. Doing so may provide the financial and debt relief needed to reduce stress and concern over one’s financial situation.

Consult With the Experts in Debt Consolidation

In order to see if debt consolidation is something that would work to reduce your overall debt and make it easier and quicker for you to pay off all outstanding debt, consult with a professional independent mortgage broker like Jim Black, AMP. He and his team of award winning professionals will consult with you and gather all pertinent information regarding your financial position to see if debt consolidation is right for you. Call Jim at (877) 394-9422 or visit and discover the difference with working with a seasoned professional in all areas and sectors of mortgages and loans.

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