Debt consolidation

You are in a situation where the weight of your debts is bearing down on you? Fortunately there are several mortgage-based solutions available to you. In order to determine the impact that debt-consolidation will have on your personal monthly budget, please fill in the spaces provided in the calculator below. Ideally, you should call us immediately and we can do this exercise with you in a matter of seconds.

Your current situation:
Expected value of the property		Balance of your mortgage loan

Total balance of your credit cards		Total amount of your lines of credit
	+		+
Your penalty (if known)

Your monthly payments:
Monthly mortgage payment

Your situation after refinancing:
Today's rate on the 5-year fixed: 3.19% Example on a 25-year amortization

Results*:

Please fill in the spaces to obtain your results.

* Please note: these calculations are for estimation purposes only. There are a number of factors that you need to discuss with your mortgage specialist. Please verify the penalty your bank might charge you for cancelling your mortgage. Interest rates may change without prior warning. For this exercise, the amortization period is 25 years.