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Debt consolidation is the process of establishing a personal loan intended to pay off a number of other debts all at once. A debt consolidation loan is typically offered by a lender to help individuals streamline their debt repayment process. They provide a single debt to pay off, in-place of multiple debts and, and typically at a lower overall interest rate. Debt consolidation mortgages are often used to pay off things like credit cards, personal loans, lines of credit, car loans, student loans and other debt. Debt consolidation in Ontario is a common practice and can be a useful tool when looking to improve ones financial situation.   Contact our mortgage brokers for professional services in Debt Consolidation Mortgage broker Milton, Burlington, Waterdown and Georgetown.

Since the goal of debt consolidation is to replace debts with "better debt", the risk is low to the consumer and often places them in far better situation. 


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