Debt Consolidation

With the significant appreciation in housing prices over the past decade, many Canadians are taking advantage of low interest rates and lender refinance programs.

Although debt consolidation is not a suitable option for everyone, you may want to carefully consider whether refinancing your home to pay off credit card debt, loans or line of credit would make sense in your circumstances. You may be surprised by the amount of money you can save.

Benefits include:

a single monthly payment rather than multiple payments
lower interest rates
money left over to invest
To discuss your options talk with your Hong Financial mortgage specialist about refinancing for debt consolidation.

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