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Debt Consolidation
Consolidate all your debts into one
- Lower Interest Rate
- Single Monthly Payment
Debt Consolidation
Debt Consolidation in Cambridge
Using debt to build a home, buy a car or even to make a career has become a common routine in Cambridge. Accessing all these in Cambridge can sometimes be so easy that you may end up stocking more debt payments than you can handle.
How Can Akal Mortgages Help You Out?
Debt Consolidation has been one of our most utilized services in Cambridge in the recent years. Our team of professionals are easily approachable and can give you a detailed insight on your situation and how it can be recovered.
How Can Akal Mortgages Help You Out?
- We would look into your current debt packages
- We would arrange borrowing from sources in Cambridge with low interest rate and help you pay off high cost debt.
- This would consolidate your debt payments to a few lenders to be paid
At the end of our service, you would start paying lower amounts to one or very few low interest lenders. This Debt Consolidation service in Cambridge, would help anyone who is caught up in high Cost Debt.
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 Inc. 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.
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Why You Should Choose AKAL Mortgages Inc.
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
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
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.
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.
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