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Free Debt Consolidation
No contact details required to find out if you qualify
Some homeowners are in debt and would sometimes run out of options on how to pay for these debts. The great news actually is - using one of our home equity products can save their home, relieve themselves from the unending stress of debt management and ultimately eliminate debt altogether.
Know more about us and what we can do by clicking on the button below…
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While there are other loan options that could answer your immediate need for cash, they would require an endless litany of documentation that would cost more to obtain than the amount you would actually need. There is also the little question that revolves around the collateral to secure your obligation. If you happen to be a homeowner, and you owned your home for at least 2 years – you are qualified to apply for this easy and based on equity (not credit or income) program.
63% of Canadians bought or refinanced their home since COVID began.
If you owned your home for more than 3 years, there is a 90% chance you will qualify for one of our programs.
Second Mortgage in Ontario homeowners involves a second loan that you take out on your home. It is referred to as a second mortgage because it would be second in priority should you choose to refinance your home, The first mortgage would remain first priority, hence the need for a sequential number for your mortgages.
However, this does not mean that you can expect the same amount of cash you had from your first mortgage. The amount that you can borrow through your second mortgage is computed with certain factors so you would have to think carefully if you intend to have a second mortgage in Ontario on your home. Your home equity is now the collateral for your second mortgage, and here, you have to not only pay off your second mortgage but also your first mortgage at the same time.
There lies the biggest danger, if you fail to meet your obligations, you stand to lose your home, as it would be sold to pay off your first and second mortgages. You can expect the interest rates to be higher for a second mortgage in Ontario, as lenders consider the second mortgage in Ontario a greater risk. There are other fees to consider as well.
Though this program can be risky, it is still a viable option especially if you are determined to eliminate your debts.
If you are:
Benefits:
While this program is a great option, it is very important that you choose the right company that can help you identify your options and get you the right lender to facilitate the entire process hassle-free.
Canadians are using home equity to pay off their debts – and you can be one of the many happy Canadians who are now stress-free and debt-free.
National Debt Relief is a reputable company offering a quick, easy and reliable way to apply for a second mortgage in Ontario.
To know more what you can benefit from our Ontario Debt Relief Program, simply try our Debt Consolidation Calculator below and one of our debt specialists will get in touch with you and provide you the best debt relief option that fits your situation.
No contact details required to find out if you qualify
We will help you reduce as much as 75% of your debts and consolidate it into a single affordable monthly payment. Your creditors will stop harassing you and all interest will freeze if you get into our Ontario Government Debt Relief Program.
Many Ontarians are already benefiting from our Debt Relief Program, YOU should too!
Find out how much you can write off portion of your debts by getting your Free Savings Estimate below. A debt specialist from National Debt Relief Services in Ontario will discuss all options and provide you tailor-fitted Debt Relief Program.
SEE IF YOU QUALIFY TO:
No contact details required to find out if you qualify
A Debt Consolidation is a negotiated debt settlement offer made between you and your creditors with the help of a Debt Relief Agency in Ontario. Some key benefits of Debt Consolidation are interest-free program, no upfront fee required, combined monthly payment into one affordable amount, no lawsuits, and many more.
Yes, your assets are safe from creditors. A licensed debt relief agency in Ontario will help you come up with an offer to your creditors that will make sure your assets will be out of the paper.
No, in fact, this is one of the great advantages of a Debt Consolidation Program. All wage garnishment will stop from the day you filed the proposal.
The effect on your credit score is not going to be severe. Your credit score will most probably go to R7 Rating and will remain in your credit report for another 3 years after you completed the program. This means that it will not be permanent and you will still be able to rebuild your credit score.
This varies depending on the proposal you will be discussing with the help of a certified debt relief agency. It is also worth noting that debt consolidation cannot exceed more than 5 years.
If a debt is shared, you need to file a joint debt consolidation offer to your creditors. However, in most cases, in which the debts are individually incurred will have no impact on your spouse.
After three missed payments, your debt arrangement with creditors will be broken and you will end up getting chased again for the original debt amount plus interest.
A debt consolidation offer can be paid off earlier if you can. In this way, you receive your “Certificate of Completion” sooner and you can immediately start rebuilding your credit score.
National Debt Relief Services Ontariois a certified Canadian Debt Relief Agency that offers FREE CONSULTATION to your debt consolidation needs. We value the trust given to us by our clients by making sure your personal information is confidential and private. Our personalized plans are designed to tailor fit your financial capacity. Our specialists will get in touch with you by simply answering a few questions thru the link provided below.
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