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Consolidate Your Debt - Get The Equity You Need

The Process

The process for our debt consolidation program is very easy and it will not take up much of your time. There are three main steps to the debt consolidation process:

1. Review of your Financial Situation
2. Complete the Application Form
3. Sign Documents

Review of your Financial Situation:
The first step requires you to discuss your current financial situation with one of our debt consolidation consultants. Together, we will go over your finances, your debts, and your future financial goals. We will also discuss the approximate value of your home. It is important that you find out the current value of your home in today’s housing market.
We will help you to confirm the value of your home by taking a closer look at the market activity in your neighbourhood. We will look at houses for sale, or houses that have been sold in the past 90 days. Then, we will have a better understanding of your home’s value.

We will also discuss your current debt load. We will go over all of your finances and examine all of your debts. One by one, we will analyze each of your balances and monthly payments, so we can see your current financial position.

Next, we will discuss your current mortgage. You will have to find out your outstanding mortgage balance. We will further discuss your current mortgage details.

After we have evaluated your current financial situation and have completed a plan on how we can help you, you will be asked to complete the application form.

Completing the Application Form:
Because everyone has different schedules, we have made our application available to you in several ways:
1. You can make an appointment with one of our debt consolidation consultants to complete the application form in person;
2. You can apply online;
3. You can complete the application form with one of our consultants over the phone. It only takes 10 minutes and can easily be completed quickly and comfortably at your own convenience.

During the application process, we will need to obtain some basic information from you. For example, we will ask you for your address, place of employment, current mortgage information, and details about your property. We will then process your application.

When we process your application we will check your credit. Your credit is a very important factor in determining your approval. By checking your credit report, we can obtain information about you current credit score and the current debts that you have obtained. Do not worry if you have a poor or slightly damaged credit score. We can still help you. There are many lenders who offer financial assistance to people with a slightly bruised credit history.

Once your application has been processed and completed, we will discuss your options with the debt consolidation program. We will then negotiate the best interest rate for you. Since we work with 50 different lenders, we will be able to get you the best rate for your situation. This brings us to the last step, signing the documents.

Signing Documents:
Once we have received an approval from the lender, we will then schedule an appointment with you to sign the mortgage approval documents. During our meeting, we will further discuss your mortgage approval conditions. The mortgage approval contains several conditions that need to be fulfilled before the closing date. The following are some of the additional documents that you will need to bring during the appointment:
1. Mortgage statement
2. Letter of employment /recent pay stub
3. Void cheque

Lastly, once all of the documents have been signed, you will meet with our closing lawyer and sign the remaining legal documents. The lawyer will further discuss the mortgage documents with you. It is the lawyer’s job to payout the debts from the proceeds of your new mortgage approval.

After your meeting with the lawyer and all of the appropriate documents have been signed, the debt consolidation process will be complete. You can then look forward in starting a new debt free life.