Debt Consolidation in Toronto
Consolidate Your Debt with a Trusted Toronto Loan Solution
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. & E.O
Esi Ghassemi - Mortgage Broker at Centum Financial Services Limited Partnership - Brokerage # 13054
Simplify Your Finances and Take Control of Your Debt
Managing multiple high-interest debts can be overwhelming and expensive. Debt consolidation offers a practical solution to reduce financial stress and simplify your payments. At Esi.Mortgage, we specialize in helping clients across Toronto, Richmond Hill, and the Greater Toronto Area (GTA) consolidate their debts, lower their interest rates, and regain financial stability.
What is Debt Consolidation?
Debt consolidation involves combining multiple debts into a single, more manageable loan or payment. By consolidating your debts, you can:
- Reduce your monthly payments.
- Lower your overall interest rates.
- Simplify your financial management with one payment.
- Improve your credit score over time by staying on top of payments.
Key Services for Debt Consolidation
Home Equity Loans
Use your home’s equity to consolidate debts at a lower rate.
Second Mortgages
Access funds without refinancing your first mortgage.
Refinancing Options
Replace your current mortgage with one that includes your consolidated debts.
Private Lending Solutions
Flexible options for those with unique financial situations.
How Esi.Mortgage Can Help
We understand the challenges of managing debt and offer customized solutions to fit your unique financial situation. Here’s how we help:
Personalized Debt Analysis:
- Assess your current debts and financial goals.
- Develop a tailored debt consolidation strategy.
Access to Competitive Rates:
- Leverage our extensive network of lenders to secure low-interest rates.
- Explore options for using your home equity to consolidate debts.
Quick and Simple Process:
- Streamline paperwork and negotiations on your behalf.
- Ensure a seamless transition to your new loan.
Expert Guidance:
- Help you understand the long-term benefits of debt consolidation.
- Provide ongoing support to maintain your financial health.
Why Choose Esi.Mortgage?
With years of experience serving clients in Toronto, Richmond Hill, and the GTA, Esi.Mortgage is your trusted partner for debt consolidation. We prioritize your financial well-being and work tirelessly to help you achieve peace of mind.
Transparent & Efficient Process
From pre-approval to closing, I provide clear guidance at every step. I aim to simplify the mortgage journey and empower you with the right financial decisions.
Client-First Approach
I work for you, not the banks. I prioritize securing the most competitive mortgage rates and terms while ensuring a smooth and stress-free process.
Personalized Mortgage Solutions
No two financial situations are the same. I focus on crafting customized mortgage strategies to align with your short-term and long-term goals.
Access to a Wide Network of Lenders
From major banks and credit unions to private lenders, I have the connections and expertise to find the best mortgage solutions tailored to your financial needs.
Industry Expertise & Experience
With over nine years in the mortgage industry, I bring a wealth of knowledge and insights to help clients navigate the complexities of home financing.
Our Partners
Case Study
Consolidating Debt for Financial Relief in Ontario
The Goal
A homeowner in Toronto was struggling with multiple high-interest debts, including credit cards, personal loans, and a car loan, totaling $95,000. Their monthly debt payments were over $3,000, making it difficult to manage their finances. They wanted to consolidate their debts into a single, lower-payment mortgage solution.
The Challenges
- High-Interest Debt → Credit cards at 19%+, personal loans at 12%
- Cash Flow Strain → Monthly obligations exceeded income flexibility
- Limited Home Equity → Needed to stay under 80% Loan-to-Value (LTV
The Solution
Arranged a home equity loan to consolidate all debts into one payment
Secured a second mortgage at 8.99% instead of high-interest unsecured loans
Structured payments to reduce monthly obligations by over 50%
The Outcome
Loan Amount:
$100,000 (including fees & payout)
New Monthly Payment:
~$850 vs. previous $3,000
LTV After Financing:
78%
Approved in 10 days
Why Work with Esi.Mortgage?
- Access to alternative lenders for flexible approvals
- Lower monthly payments for financial breathing room
- Expert strategies for improving long-term financial health
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Frequently Asked Questions
What types of debts can I consolidate?
You can consolidate high-interest debts such as credit card balances, payday loans, personal loans, and lines of credit into a single, lower-interest payment.
Do I need a good credit score to qualify for debt consolidation?
Not necessarily. At Esi.Mortgage, we work with a wide range of lenders, including private lenders, to find a solution tailored to your financial situation.
Can I use my home equity for debt consolidation?
Yes, using home equity is a common and effective way to consolidate debts at a lower interest rate compared to unsecured loans.
What are the costs associated with debt consolidation?
Costs may include appraisal fees, legal fees, and possible penalties for breaking your current mortgage. We help you evaluate these costs to ensure debt consolidation is a financially sound choice.
How quickly can I consolidate my debts?
The process typically takes a few weeks, depending on your unique situation. Our team works efficiently to ensure a seamless and timely experience.