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

    Best Mortgage Rates

    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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    Lendevi Expert Advice

    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 Inc. 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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    Portability

    If you plan to live in the home for more than five years, you need not worry about portability that is, shifting the mortgage to a new property.

    Low-Frills Mortgages

    If you don’t plan on moving, refinancing or making huge prepayments in the upcoming five years, you can consider low-frills mortgages.

    Extra-Savings

    Most first-timer buyers opt for a 5-year fixed rate because they cannot afford an interest risk.

    Hybrid Mortgages:

    If you do go variable, look for one that maintains your payment the same regardless of interest rate variations. It’s easier for budgeting and gives you peace of mind if rates start climbing.

    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