If you've been a homeowner for at least a few years, you have start to build your equity. Simply put, home equity is the market value of your property minus what you owe on your home.
Home equity growth is one of your greatest assets and many Canadian homeowners choose to tap into that equity to help manage high-interest consumer debts.
For example, the video below is a story about The Lee's. Despite good full-time jobs, they were struggling to make more than the minimum payment on their loans and credit cards. By refinancing their mortgage, they were able to pay off their debts and save more than $1000/m. Click below to watch.
If you'd like to discuss refinancing your mortgage to consolidate debt, I'd love to review your financing and determine if this is the right strategy for you.