Debt Consolidation Services in Langley

We pay out all debts, reducing multiple payments to credit companies down to one straightforward payment. We also reduce the interest being paid, helping to remove unnecessary stress and anxiety. Lastly, we increase your cash flow and provide additional funds to operate as an emergency fund moving forward. This way, you won't need to rely on credit when life throws another curveball. 

An unsecured option would be a bank's consolidation loan. The issue with these is that they come with both high rates, compared to a mortgage and further, come with lower amortization lengths. These higher rates result in payments that are exorbitantly higher than rolling liabilities into your mortgage. Therefore consolidation loans typically provide little cashflow relief compared to present debt structure. 

Our Debt Consolidation program often allows you to pay off all debts while maintaining a similar mortgage payment that you already have. Thus significantly increasing your cash flow. 

No. It's critical that we keep your credit facilities open and that you continue to utilize them to continue to improve your credit.

Absolutely. When the balance of your credit facility exceeds 50% of the limit, this is derogatorily held against your credit score. Once you are past 75% and then 90%, the detriment to your credit score is even higher. By refinancing and paying off all credit facilities, your score will increase significantly within a matter of months. Absolutely. When the balance of your credit facility exceeds 50% of the limit, this is derogatorily held against your credit score. Once you are past 75% and then 90%, the detriment to your credit score is even higher. By refinancing and paying off all credit facilities, your score will increase significantly within a matter of months. Describe the item or answer the question so that site visitors who are interested get more information. You can emphasize this text with bullets, italics or bold, and add links.

Not necessarily. If you have a car loan at 0% financing, or perhaps student loan to which interest is tax-deductible, it may be a better strategy that we don't. 

Of course. If you have home renovations, new vehicle needs, vacation plans, etc., we encourage you to have those funds available while we are refinancing. Thinking ahead at this stage is much better for your finances that putting these costs on a credit card in the future. 

We also recommend adding funds to be put into your TFSA, RRSP and or an emergency fund for you and your family. The only certainty in life being uncertainty, we hope for the best, but plan and prepare for the worst.  

Generally, the only out of pocket cost is the appraisal fee, which 50% of the time we can avoid.

The appraisal fee will cost between $300-500. We'll be seeking approval with an online valuation first at a lower cost of $99. The online valuation is generally accepted; however, if not, a full appraisal is required. Some lenders will reimburse the cost, as well as cover legal fees.

Any other costs such as breakage fee or lawyer fee, if applicable, can come from the processed of your refinance, i.e. not out of pocket.