Lic 10845, Independently Owned & Operated

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Do you need a Consolidated Loan?

To know if you require a consolidated loan, you need to analyze your finances. More importantly, you need to be able to identify the signs of financial trouble to effectively manage your debt and prevent more serious problems from occurring down the road. Here are some signs to watch out for.

  • Only capable of meeting the minimum payment requirement
  • Paying off one credit card with another, or using your line of credit to pay it
  • Frequent late payments, or skipping payments to pay off other bills
  • Financing your debts with your credit card
  • Utilizing your overdraft and going over your limits on your credit card or line of credit
  • Broke on payday
  • Asking a family member or friend for a personal loan
  • Annoying calls from creditors and collection agencies
  • Having other essential service cutoffs for non-payment (telephone, electricity, etc.)

The above is a collection of warning signs that you are stressing yourself financially. We can help you with debt relief with offers which have equity take out up to 95% to consolidate debts.

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Debt Relief Options

There are a number of different debt relief options out there, so finding the right solution can be challenging. You need to know about each option available to you in order to make an informed decision. Since there are so many Debt Control Self-Help Methods, you need to develop a debt payment plan before you seek professional help from an expert. Use financial tools and debt calculators to form a good understanding of your current finances.

Small Business Debts

Business owners and management teams face many challenges and there could be periods when the business finances aren’t particularly stable, causing debts to accumulate. To avoid insolvency, the business debts will need to be restructured. Work with our commercial mortgage agents by booking a consultation, if your business is facing any of the following financial issues:

  • A sudden increase in inventory
  • A quick rise in debt to equity
  • Out-dated accounting records
  • Collection notices from creditors seeking remedies
  • Denial of loan request or a reduced line of credit
  • Notice from your bank that your account has been moved to a “special loans” division

AKAL Mortgages professionals work with you closely to form a good understanding of both the financial and operational needs of your business. We can help you to avoid insolvency or bankruptcy, by matching our solutions with your business’s financial needs.

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  • Break your existing mortgage contract early

    You can consider breaking your mortgage early if you want to obtain a lower interest rate or access equity from your home. In this case, you can do away with your existing mortgage and take on a brand new one with any lender. AKAL MORTGAGES can get you offers with up to 95% LTV.

  • Add a home equity line of credit

    A home equity line of credit gives you access to the equity in your home at your own discretion. You are responsible for interest-only payments each month on the outstanding balance. You can access a home equity line of credit through your existing lender and a small subset of other lenders.

  • Blend and extend your existing mortgage

    Your current mortgage granter might offer you a ‘blended rate’; essentially, a ‘blend’ of your current mortgage rate plus any additional money you borrow at current market rates. Blended rates are almost always higher than the most competitive mortgage rates on the market, so make sure you compare the blended rate against the savings if you break your mortgage.

STEPS & PROCESS

Easy Approval Process

When we say YES! We stand behind our

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CHOOSE YOUR SERVICE

Why You Should Choose
AKAL Mortgages

Service

Borrowers

  • When we say YES! We stand behind our promise
  • Mortgage solutions based on your needs and qualifications
  • Fast approvals and quick closings
  • Save time and money
  • Lower mortgage rates due to lender discounts and promotions
  • Licensed, knowledgeable and experienced
  • Protect your credit score
Service

Brokers

  • The Most Important: Dedication to our agents!
  • Bootcamp-3-days: Learn Lead Generation, Products and Underwriting
  • Training: Weekly training and industry updates, One on one support
  • Mentoring: Specialize in Residential, Business and Commercial
  • Lead Generation: Proven successful campaigns to generate leads
  • Personal website; mobile Apps; online virtual meetings, e-signatures
  • Lenders: VIP access to more lenders and top tier compensation
  • Professional office (at no cost to you): Meet your clients at the office
FAQ

Frequently Asked Questions

    • How do I qualify for debt consolidation?

      In order to qualify to consolidate your debt, you need to ensure that you have income from a job, as you need to be able to repay the loan. When qualifying for a debt consolidation loan, your total debt, available credit, payment history, and credit score will be under scrutiny. A bank many turn you down if there are issues with any of these qualifying factors. Thanks goodness for alternatives offered by AKAL Mortgages.

    • What are the advantages to a debt consolidation loan?

      Lower your monthly payments and one monthly payment at a lowered interest rate, instead of multiple, are two advantages of a debt consolidation loan. Find out if you qualify by speaking to one of our agents. If you don’t qualify, then also learn more about the other debt relief options we have available to you.

    • What if I can’t deal with my debts on my own?

      Use our TotalLiveChat feature below to get answers to your most frequently asked questions. Let our mortgage brokers help you get your debt consolidated so that you can get back on track again with your finances.

      You can book a free consultation here on our website, or call us at (416) 621-1300.

TESTIMONIAL

We Serve Our Clients
Best Of Capacity

  • Jas Bath

    The experience with AKAL Mortgages 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 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. We definitely recommend their services to our family and friends.

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