A debt consolidation mortgage rolls credit cards, lines of credit and loans into your mortgage, replacing several payments at high rates with one at a much lower one. The monthly relief is immediate and often large.
The brokers listed here arrange debt consolidation mortgages and refinances across Canada. The arithmetic is genuinely compelling, with one trap that turns a good decision into an expensive one.
The brokers below have told us they take on debt consolidation files. Narrow by city to see who works in your market, most lending decisions still turn on where the property sits.
12 of these brokers have a mapped office. Tap a pin to open that profile.
I’m a mortgage broker and co-founder of Miracle Financial, helping homeowners and buyers across Ontario find practical mortgage solutions. A large part of my work involves refinancing, debt…
I’m a Mortgage Broker with Premiere Mortgage Centre, bringing 16 years of mortgage and banking experience to clients across the Annapolis Valley and rural Nova Scotia. I take the time to und…
I'm Sadiq Boodoo, B.B.A., Principal Broker and CEO of Approved Financial Services. I have what it takes to make a difference in your next mortgage transaction. With access to 80+ of Canada's…
I am a Mortgage Broker specializing in mortgage refinancing, focusing on solving mortgage problems by providing lending solutions for complex financial situations. Kristi specializes in a v…
With 10 years of extensive, hands-on experience in the Canadian mortgage industry, your agent specializes in turning complex financial scenarios into clear, actionable pathways. Providing co…
I’m Janine Veenendaal, a Mortgage Broker who believes this business is about so much more than rates and paperwork. It’s about people, your families, your pets, your dreams, and even the cha…
Purchasing a home is an important decision and you should be confident about your investment. I will work with you personally to offer you valuable insight throughout the process, save you t…
I am an experienced mortgage broker who has been helping clients for 23 years. I proudly serves clients, providing honest advice, practical solutions, and personal support from the first con…
I work with homebuyers, business owners looking to buy commercial properties or businesses homeowners looking to refinance, consolidate debt and clients who may not fit perfectly with the tr…
I work with borrowers that need help refinancing, debt consolidation, and purchase mortgages across Ontario. Most of my work is in the alternative and private mortgage space. I also work wit…
I’m an independent mortgage broker in Ontario who works mostly on the files other people find difficult. Self-employed income, bruised credit, CRA arrears, B and private lending, First Time…
Licensed in British Columbia, Nova Scotia and Ontario, I believe honest advice and education should come first. You deserve to understand your mortgage options and the why behind my recomme…
I’m Baneet Grover, a Mortgage Agent Level 2 with Mortgage Intelligence, serving homeowners, buyers and investors across Ontario. I take a strategy-first approach to mortgage financing. Rath…
Micky Khaneka is a licensed mortgage broker and founder of MKG Mortgages in North York, ranked #15 on CMP's Top 75 Mortgage Brokers in Canada 2026. MKG helps GTA buyers, homeowners and self-…
# Begonia Celorio – Mortgage Agent Level 2 | Caledon & GTA ### Award-Winning Mortgage Agent Helping You Find the Right Mortgage for Your Goals Buying a home, renewing your mortgage or figu…
I'm P. Michael Thomas, AMP, Mortgage Broker, helping homebuyers, homeowners, investors and business owners find practical mortgage and financing solutions. With almost 10 years of experienc…
Moving a balance from a card at credit-card rates to a mortgage at mortgage rates cuts the interest rate dramatically. But it also stretches repayment from a few years to the remaining amortisation of your mortgage, and a much lower rate over a much longer period can still mean more total interest paid.
The fix is straightforward and almost nobody does it: keep paying the old amount. Consolidate, then set the mortgage payment to what you were paying across all the debts combined. You capture the rate saving without the extension, and clear the balance years earlier.
Consolidation converts unsecured debt into debt secured against your home. If the cards are then run back up, you have the original problem plus a larger mortgage, and the consequence of default is no longer a collections call, it is the house.
Honest brokers raise this. The measure that works is closing or reducing the limits at the point of consolidation, rather than intending not to use them.
Yes, by refinancing to a larger mortgage and using the proceeds to clear other debts, subject to the loan-to-value cap on refinances. Done mid-term it triggers a prepayment penalty, which is why renewal is often the cheapest moment to do it.
It saves on the interest rate, but it can cost more overall because the repayment period stretches from a few years to the remaining amortisation. It only saves in total if you keep making the higher combined payment afterwards rather than dropping to the new minimum.
Usually it helps. Paying off revolving balances sharply reduces credit utilisation, which carries significant weight in a score. The refinance itself adds a hard inquiry worth a few points, which recovers within months.
It is limited by your equity, not by the size of the debt. Refinances are capped at a percentage of the appraised value of the home, so the available room is that ceiling less your current balance. A broker can confirm the room before you pay for an appraisal.
Generally yes. At maturity there is no prepayment penalty, so the cost of restructuring is limited to legal and appraisal fees. Consolidating mid-term means breaking the mortgage, and on a fixed rate the interest rate differential penalty can be substantial.
