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Debt Consolidation Vaughan
Professional debt consolidation services in Vaughan
Are you finding it hard to control your debts? Is a large part of your monthly payment going off on clearing bills? If you’ve answered yes to either of these questions, you should consider applying for a debt consolidation policy. In short, all your existing loans and debts will be consolidated under one policy, and you will be making a single payment at a low-interest rate every month till you are debt-free. If you want to know more, get in touch with our team for debt consolidation Vaughan. Schedule an appointment today. We look forward to hearing from you.
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Understanding debt consolidation
When you are consolidating your debt, you are combining two or more debts into one. These can include personal loans, credit card bills, retail cards, and car loan payments- some of them include a high-interest rate that can go up as high as 20%. The monthly cost of these debts combined can make it difficult for you to get ahead. You may find yourself paying the interest or the minimum balances of the loan. This can affect your credit score, and the easiest way to avoid this issue is by applying for this policy. You will be combining all of our outstanding debts under one policy. The next step is to pay all of them at a small amount at an affordable interest rate. With debt consolidation Vaughan, you can easily clear your dues while not worrying about your finances. You can speak with our team at Lend at Ease to resolve any query you may have.
The interest rates can be variable, fixed or combined.
The loan-to-value (LTV) ratio can be as high as 85%.
You can choose the mortgage repayment term to be anywhere between 1-25 years.
The amortization period can be a maximum of 25 years, with insurance up to 40 years.
You should know that the mortgage amount and the monthly interest will depend on several factors, such as the type of property you are trying to finance.
Benefits of debt consolidation
You can look at debt consolidation Vaughan as increasing your leverage with the goal of lowering your interest rate. The interest charged will be lower than what you pay on your credit card bill you will be able to save money on your interest payments. Some of the additional benefits that you can reap are:
You can use your assets, such as your home, to secure a lower interest rate.
You will be able to protect your credit rating.
You will only have to make one monthly payment instead of several payments to different lenders.
You will be paying less money on interest rates and can get out of your debts faster.
As long as you make your payments towards your debt consolidation policy on time, your credit rating will not be negatively affected; on the contrary, it can improve as you pay off your loans.
Choosing Lend at Ease for your debt consolidation Vaughan
As your mortgage broker, we will make sure that the mortgage contract meets all your financial needs, and that includes an affordable interest rate on your loan repayment. We also offer services commercial mortgage in Vaughan. For further details, give us a call.