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How to Use Your Mortgage for Debt ConsolidationHigh amounts of consumer debt can be very stressful. It can seem like it will take forever to get out of debt, and you see your hard-earned money just being thrown away on excessive interest payments. But if you own your home, there is good news – and that news is that there are ways that you can get out of debt more quickly by accessing the cash value in your home.

If you are struggling with debt and looking for a way out, a broker from Akal Mortgages can help you with a very effective solution called debt consolidation.

Important Facts About Mortgage Pre-ApprovalsThere are a lot of steps involved when you are buying a home, but the first step that you should take is to get pre-approved for a mortgage.

young lawyer consulting couple about mortgage term 2022 01 12 07 33 34 utc min 1If you are looking for a way to take advantage of all the equity that you have accumulated in your Mississauga home over the years, a home equity line of credit (HELOC) could be a great option for you. Unlike a second mortgage (also called a home equity loan), a HELOC isn’t a one-time lump sum that you borrow, but rather it’s a revolving line of credit that works in a way that is more similar to a credit card – where you can borrow and repay it multiple times. And just like with a credit card, you only have to pay interest on the amount that you have actually borrowed from the account.

couple are moving to new apartment 2022 01 19 20 13 19 utc minIf you have decided to take the plunge into homeownership, one of the first steps you will have to take is to get approved for a mortgage. But getting a mortgage in Mississauga can be a complex process and there are pitfalls that should be avoided. Here are seven common mistakes that you should avoid when getting a mortgage.


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  • Jas Bath

    The experience with AKAL Mortgages Inc. is great!!! I recently got approved for a business loan thought them and the agent that helped me with the process was outstanding. I am impressed with the convenience and very helpful service. I hear their agents on the radio all the time making consumer aware of the options available about mortgages and loans. And, they way they do, touch my heart. So honest and ethical.

  • Oli Rubion

    My wife and I visited AKAL mortgages Inc. due to their reputation in the market. We were attended in a timely fashion to discuss our mortgage and line of credit needs. We are so glad that we were provided with great options and solutions to choose from. We are very happy and satisfied from the services provided by AKAL mortgages Inc. We definitely recommend their services to our family and friends.


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