Today's Topic:
Debt Consolidation
Is Debt Consolidation Right for Me?
 If high interest rate credit cards and loan debt are keeping you from getting ahead, as a home owner you can refinance your existing mortgage and use the equity in your home to pay off that debt. With the low mortgage rates and rising property values it is a great time to consolidate your debt and even decrease your monthly payments.
Recognizing the Danger Signs
You may have a debt problem if:
- you are feeling stress and anxiety over money situations and finding it difficult to sleep at nights.
- your monthly bank statements are in the negative.
- you're only able to pay the interest and service charges on your credit cards.
- you are afraid to open your mail or answer unknown phone numbers.
- your services have been cut off such as hydro or telephone.
- you're always borrowing money from family and friends and then find yourself avoiding them because you cannot afford to re-pay them.
- creditors are pressuring you and threatening to sue.
- you have received notification in the mail from a collection agency.
- your wages have been garnisheed.
Let us find the best lowest rate!
 Did you know when dealing with your bank, you only deal with one lender? At Alberta Equity Mortgages, we shop the market from coast to coast comparing rates from hundreds of Canadian banks, mortgage lenders, trust companies and credit unions. This allows us to find you with the lowest mortgage rates and best possible terms in Canada. And, if that's not enough, we will do all the paperwork necessary to get your mortgage application pre-approved, saving you the time, money and trouble of going to the bank.
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Having Difficulty Managing your Monthly Bills?
For many Canadians, it is easy to let the monthly bills get out of control and it becomes difficult to make ends meet. Making multiple payments to credit cards and other credit lenders can be overwhelming. Our mortgage brokers at Alberta Equity are qualified professionals who are trained to find the perfect solution for your situation, so why not make things much simpler with one easy payment? Here are some options to consider:
- Refinance your existing mortgage and use the equity in your home to pay off high interest credit cards
- Obtain a short time second mortgage for a if you are unable to refinance your existing mortgage
What is an assumable mortgage?
An assumable mortgage is one in which a qualified buyer can take over the mortgage from the current owner on the property being purchased. Assuming a mortgage requires a simple amendment to the mortgage document registered on title. This type of mortgage can offer the qualified buyer with a better than market interest rate in some cases and also cut legal costs associated with obtaining a brand new mortgage.
Have a Web Site? Need to Display Rates?
Are you a realtor, broker or financial planner with a website? Do you need up-to-date Canadian mortgage rates displayed on your web page? You can choose from over 200 mortgage rate boxes to suit your web site. Find tailored made graphics for many of Canada's real estate companies and related websites.
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