Private mortgage solution
Debt Consolidation Mortgage
A private mortgage can sometimes consolidate unsecured debt into mortgage financing. This can reduce immediate monthly pressure, but it must be structured carefully because mortgage debt is secured against the home.
When this may fit
Every file depends on lender review, available equity, property marketability, urgency, documentation, and exit strategy.
- Credit cards and lines of credit
- CRA or property tax arrears
- Payout of high-interest debt
- Clear plan to refinance or repay
What lenders usually review
Property value, mortgage balance, requested amount, position on title, taxes, strata, credit, income support, use of funds, legal status, and the plan to repay or refinance.
Disclosure: Private mortgage terms vary. Do not rely on a quoted rate or payment until a formal lender commitment and legal review are complete.