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13 Dec

Debt consolidation loan for $40,000 carries for as little as $117 per month


Posted by: Darick Battaglia

Looking to consolidate high interest debt into one low payment?  Its easy if you have equity in your home.

The product is called a Home Equity Line of Credit, or HELOC for short.

Because the debt is secured against the home the interest rates that are available are as low as possible and come with interest only payment options if you desire.

It is also an open product allowing you to payoff the debt at your pace.  All at once or spaced out over time.

Once the debt is paid off the HELOC is ready to be used again for any purpose.

Many clients will not only utilize this strategy for debt but they will also use the HELOC to purchase RRSPs, RESP or other investment type strategies.

With ultra low rates it often is an advantage to clients.

for more information call me at our Barrie office on Commerce Park drive 705 797 8811×102