If your debt is piling up – credit cards, store cards, car and loan payments– then the interest that you're paying could be standing in the way of your financial security. If interest rates go up as expected, it could get a lot worse.
The good news is that Canadian homeowners have a great option: debt consolidation. It's a simple concept: you roll up all the extra debt you have outside your mortgage, and you consolidate it into a new or existing mortgage. If you've built up some equity in your home, then this consolidation is the simplest way to power through your debt.
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Debt consolidation can offer big relief
