Are you crumbling under debt and seeking a way out? Then get in touch with Maitre Mortgages Inc. today! Our mortgage experts will work with you to find the best debt consolidation options to bring you the peace of mind you deserve.
What is Debt Consolidation?
A certain level of debt is almost unavoidable in this day and age. Even if you’re not splurging on high-interest credit cards, you still might have student debt, car loans, and mortgages to manage. The unfortunate reality is that even if you don’t add another penny to your existing debt, it will still grow due to the interest rates on each bill and continue pulling your credit score down. But there is a solution—debt consolidation.
When applying for a debt consolidation loan, the lender will provide you with a financial package to pay off all outstanding debts secured against your property, allowing you to pack everything you owe into a single, easy-to-manage monthly payment with a stable interest rate which will help you boost your credit. With good credit, in a short span of time, you may move to a bank for a regular mortgage. If this sounds appealing to you, contact Maitre Mortgages Inc. at the number below and let our experts find the best debt consolidation loan for you.
“We make debt more manageable”
Our Services You Are An Owner/ Investor/ House Flipper/ Contractor
First Private Mortgages
Debt Consolidation Loan
Second Mortgage Broker
Bridge Loan
Home Renovation Loan
Land Purchase Loan
New Build Home Loans
Our Guarantees
Years of Experience
Common Sense Lending
In-house Lenders
Confidentiality
Quick Decisions
No Hidden Cost
Full Disclosure
We Serve
Greater Toronto Area
Hamilton, Niagara Falls and entire Golden Horseshoe region
Kitchener/ Water Area
Most of Ontario
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CRA Arrears / Property Tax Arrears
Do you have outstanding taxes with Canada Revenue Agency? Whether these are personal Taxes or Business taxes, you need to sort it out ASAP. Tax Liens are super liens and CRA may put a lien against your property.
Do you have outstanding property taxes? There may be serious consequences besides the interest cost (most cities Charges 12% to 15% compounding interest) by municipalities for not paying your property tax. If you fall into arrears with your property taxes for a certain period of time, your city can sell the property under tax arrears.
Under these situations, you may not be able to get a further mortgage from a bank and they may decline to renew the mortgage.