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CONSOLIDATE YOUR DEBT

Debt Planning for Ontario, Greater Toronto Areas, Newmarket, Aurora, Richmond Hill, Thornhill, Stouffville, Uxbridge, Keswick, Georgina, Vaughn,

Debt, debt consolidation loans, home equity loans, mortgage refinancing, second mortgages,  private lending, find the best debt consolidation plan for your specific needs. Don't spend your time worrying about debt, let us start helping today. We have many unique ways to help you and your family pay off credit cards or consolidate or refinance. In some cases we can save you thousands each month in interest charges just through consolidation

We also offer Home Equity Refinancing, Home Equity Lines of Credit, Reverse Mortgages for over 55's, and Equity backed refinancing. 

If we cant help you we can refer you to a specialist non profit agencies that help with debt problems

Eliminate your debts click for complimentary assessment

 

Debt 101

With the ongoing commercialisation of debt over 50% of all the people we speak with every week have debts significantly over recommended maximum debt service levels. When I grew up my parents and their parents would save then pay cash. Our grand parents refused to go into debt. Governments and financial institutions have encouraged and continue to allow us to get way in over our heads with debts. Our economies have become dependent on consumer debts to fuel economic growth and maintain Government tax bases. I believe total global debt is now over 200 trillion US dollars. 

 

TRADITIONAL GROSS DEBT SERVICE RATIO SHOULD BE LESS THAN 32%

In general housing costs should not be more than 32% of your gross monthly income. Housing Costs include monthly mortgage payments (principal and interest) property taxes and heating costs. Some organisations call this PITH Principal Interest Taxes and Heating or as lenders call it your Gross Debt Service ratio.  Your  Gross Debt Service ratio(GDS) should be less than 32% of your gross monthly income (from both partners) 

 

TOTAL DEBT SERVICE RATIO SHOULD BE LESS THAN 40%

Your total monthly debt payments should be less than 40% of your gross monthly income. Which is calculated by adding Principal Interest Taxes and Heating + all debt payments such as car loans or leases, credit card payments, lines of credit payments, investment loans.  This is your Total Debt Service (TDS) ratio.

 

WORRY ABOUT DEBTS CAN RUIN YOUR PHYSICAL AND MENTAL HEALTH

Worries about being in debt can ruin your health and interfere with your performance at work. As we work our way through life we may find that circumstances cause our debts to accumulate. Increasing debts are hazardous to our health. Ask these simple questions:

  1. Do I live pay check to pay check?
  2. Do I run out of money during the last week of each month?
  3. Do I have a house with equity, a car but lots of credit card bills?
If you answer yes to all 3 you should ask about our debt elimination or debt consolidation program. We may be able to help you fix your debts. There are no guarantees just the possibility that we might help you out.

DEBT ELIMINATION IS "paying off your debts as soon as possible"

DEBT CONSOLIDATION IS "reorganizing your debts to save you money freeing up cash flow to help you finance your plans"

Ask about our mortgage debt consolidation calculator-mortgage calculator

* Please note both options are dependent on lenders approving our plans*

Click here to CONTACT US TO REQUEST OUR DEBT CONSOLIDATION CALCULATOR

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