Akal Mortgages

Akal Mortgages
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Lic 10845, Independently Owned & Operated
Akal Mortgages
Book An Appointment
Lic 10845, Independently Owned & Operated
Akal Mortgages
Book An Appointment
  • 238 Britannia Rd E, Mississauga, L4Z 1S6
Akal Mortgages

Debt Consolidation

Consolidate all your debts into one

  • Lower Interest Rate
  • Single Monthly Payment

    Apply Now For Instant Approval

    Min $ 300,000

    Min $ 25,000

    Debt Consolidation

    Debt Consolidation in Oakville

    Consult us for Debt consolidation in Oakvile and find out the reality of your debt.

    Is it really draining you? Will you be able to pay it back without bringing a financial constraint in your family? How long before you are proven bankrupt? Have you got the right rates? Have you got the right lender? Our debt consolidation service in Oakvile will allow you to get access to multiple lenders and current market rates which will help you to borrow at lower rates and get rid of your high rated debts. It works on this simple policy that borrowing on strong collaterals, i.e. against a home, allow you to get lower rates compared to weak collaterals or no collateral debts, such as credit cards and other financed borrowed.
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    All your monthly payments will be rolled into a single payment, with a lower rate, or with a lower tenure so as to get rid of your debt more quickly and eventually pay less towards interest. Debt Consolidation does not erase your deb.
    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 Oakville, would help anyone who is caught up in high Cost Debt.
    • Helps you keep a track on your total monthly payments as a single payment
    • Secures you an efficient low rate for your borrowing
    • Allows you to change your amortization period and even your lender
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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 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.

    When we say YES! We stand behind our

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    Mortgage insurance

    We Offer To You

    First-Time Home
    Buyer Mortgage

    Refinancing
    Your Property

    Pre Approval

    Debt Consolidation

    Renew
    Your Mortgage

    Self-Employed
    Mortgages

    Private Mortgages

    Commercial Mortgages

    Second Mortgage

    Small Business Loans

    Home Equity Line of Credit

    Renew Your Mortgage

    STEPS & PROCESS

    Easy Approval Process

    CHOOSE YOUR SERVICE

    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