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Grimsby Debt Consolidation

Managing Your Debts through Debt Consolidation

Having debt at one point or another in our lives seems inevitable, especially in a challenging economy. We may take out a loan or mortgage to service needs like buying a home, getting business capital or even sort out accumulating short-term bills. When times get tough, the likelihood of defaulting on debt payments may arise. At this point, the borrower’s credit score is probably not attractive to a lender so seeking a conventional second mortgage or loan to keep on top of the debt can prove to be a challenge. In Grimsby, Ontario, this is a problem for many households. In Grimsby Debt Consolidation may be the best solution and only answer if you are facing similar troubles.

Debt Consolidation

Debt consolidation involves taking out a loan or mortgage to pay off other loans, debts or liabilities owed to creditors. The debts are consolidated into one single monthly payment. The benefit is that not only will the interest rate be lower, but he monthly payments will be significantly lower than the rest of the previous loans and debts put together.

How it Works

Before you go out seeking a Grimsby Debt Consolidation Loan or mortgage, you first need to sort out you existing loans. Make a list of your loans and their respective balances, monthly payments in order of interest rates from the highest to the lowest. Then you need to calculate the total outstanding balance or debt owning for the loans. This will help you get a clear picture of just how much debt you owe and the size of the loan or mortgage you will need. Once this is done, you can now apply for the debt consolidation loan.

The aim of debt consolidation loan is to have all your debts consolidated in a way that will enable you to have only one payment for one debt instead of having to pay several different creditors numerous payments at different times of the month.

Once your debt consolidation loan request is reviewed by a lender they will be in a position to determine just how much of a loan or mortgage you qualify for, and the rate of interest they are prepared to give to you.

Benefits of Debt Consolidation

With the proper information and execution, a borrower will enjoy the following benefits of a Grimsby Debt Consolidation loan or mortgage:

  • Enjoy lower interest rates
  • Significantly reduce your monthly payments
  • Boost your credit scores and ratings
  • Speed up your debt payment process

How to Consolidate Your Personal Debts

  1. Make the decision to sort out your debt obligations by applying for a consolidation loan. The sooner this is done, the sooner you will get out of debt.
  2. You will then need to evaluate your options and come up with a precise debt management plan. This, in part, will involve calculating your outstanding total debt from all outstanding active and inactive debts or loans.

Then with the help of an experienced mortgage broker you will need to research the lenders, risks and mortgage options available to you before making a decision.

WHAT PEOPLE ARE SAYING…

  • “Rent-to-own made possible”
    We would like to thank Matthew and his team. We put a lot of money down on a Rent to Own property that we were renting, but we could not get anyone to help us out till we found Mathew. He made it happen and closed on time when know no one else could. From all of us here THANK YOU! We now own our own house!

    C.T., HAMILTON, ON
  • “Best Mortgage Team I've worked with”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in YOUR favor. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    M.Z. BRANTFORD, ON
  • “No hesitation recommending”
    Matthew’s knowledge, experience and above and beyond work ethic sets an exemplary standard of professionalism and accountability. His integrity and drive is second to none… He truly is a miracle worker!! I have no hesitation in recommending his services to anyone seeking expert assistance. I’m beyond grateful and blessed!!

    M.D., BINBROOK, ON
  • “A tough deal that others could not do!”
    Access mortgage did a great job in getting us a mortgage. It was a tough deal and they were able to get it done when others couldn’t. I would not hesitate to use them again.

    BEA - CAMBRIDGE, ON
  • “Seamless from beginning to end!”
    I just want to say 'thank you' to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now it has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    JULIE - HAMILTON, ON
  • “From full of stress to stress-free”
    I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Access Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    M.D., MISSISSAUGA, ON
  • “Patient with deep understanding”
    Thank you for all the help that you gave me, most patiently and with deep understanding. I was very comfortable asking you everything and anything. Your team did great job in making me understand the financial side. I have learnt a lot. Thanks to Matthew for taking time to come to my place. He not only did his work, but for a short time, took me back to most nostalgic memories of my life, before I came to Canada. I am also grateful to the lawyer for coming to my place to meet with me, and quickly closing the mortgage and releasing the funds.

    S.S., MISSISSAUGA, ON
  • “Got creditors off our back”
    I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off our back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.

    K.K.P., HAMILTON, ON
  • “Best mortgage team I’ve worked with!”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in your favour. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    C.H. - ST. CATHARINES, ON
  • “Extremely Fast!”
    Access Mortgage was extremely fast and explained everything well. We were very happy with their professional service and honesty. I would definitely refer them.

    LISA - BRANTFORD, ON
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