The monthly payment usually falls
Mortgage rates are typically well below credit-card rates, so moving balances across normally brings the combined monthly payment down and leaves more room in the month.
Dereck Landry Mortgages
Juggling high-interest balances?
You still have real options
Carrying balances across cards and loans is more common than most people think, and it does not put you out of reach. Dereck will look at the whole picture with you and tell you plainly what is possible.
4.8★ from 44 reviews Mortgage Broker · FSCO Agent Lic. M08009340 · Mortgage Intelligence inc. · Bank and alternative lenders · 4.8 on Google across 44 reviews
Dereck Landry Mortgage Broker, AMP
Your statements, as they are
Bring what you have. Dereck reads the whole picture before anything goes anywhere.
Dereck has been placing mortgages for 17+ years and compares options across over 50 lenders, from the big banks to credit unions and alternative lenders. There is no cost to talk and no obligation. Serving Kitchener, Waterloo, Cambridge and Waterloo Region.
The worst time to learn your options is after another payment slips. A short call now costs nothing.
Dereck starts from your equity, your income and your payment history rather than from a single score, and tells you plainly which doors are still open.
Folding debt into a mortgage changes the shape of it
It is worth understanding both halves of that before deciding, so here they are.
The total interest can rise
Spreading a balance over a longer amortization can mean paying more interest overall, even at a lower rate. Dereck puts both numbers in front of you so it is a decision, not a surprise.
Bruised credit is not a dead end
There are lenders whose whole business is files the big banks turn down. That can cost more, and Dereck will be straight with you about that.
A quiet look before anything is submitted
Nothing goes to a lender for the first conversation.
Dereck Landry You send
A rough picture of where things stand: balances, payments, and what your home is worth.
You talk
What your equity and income add up to, and which lenders are realistic for your situation.
You decide
Dereck tells you where you stand first. An application only goes in once you say go.
What we offer
- Mortgage renewals and switches
- First-time home buyers
- Refinancing and home equity
- Debt consolidation
- Self-employed and business-for-self
- New to Canada
Client testimonial review 4.8 from 44 reviews
“We had so many questions and concerns. We thank you for taking the time to answer our questions and making the process as easy as possible. We will definitely recommend you to our family and friends.”
Frequently asked questions
Does consolidating mean I pay less overall?
Not necessarily. The monthly payment usually goes down, but stretching a balance over a longer amortization can increase the total interest you pay. Both figures get put in front of you before anything is signed.
My credit has taken a hit. Is it worth calling?
Yes. Lenders outside the big banks price for exactly these files. Dereck will tell you what is realistic, including if the honest answer is to wait.
Do I need equity in my home?
Generally, yes. Consolidating this way works by securing the balances against the property, so how much equity you hold shapes what is available.
Juggling high-interest balances?
Request a callback
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- Mortgage Broker · FSCO Agent Lic. M08009340
- Mortgage Intelligence inc.
- Bank and alternative lenders
- 4.8 on Google across 44 reviews
You'll be speaking with Dereck Prefer to talk? Call (519) 208-4145.
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Prefer to talk now? Call (519) 208-4145.