Debt consolidation mortgages.
Roll the cards, loans, and arrears into one payment at mortgage rates — and give the household its cash flow back. BC and Alberta.
Debt rarely arrives as a crisis; it accumulates as arithmetic — a card here, a loan there, until the minimum payments quietly eat the month. The homeowner's advantage is that the cheapest money you can access is already secured by your house, and the debts strangling your cash flow are the most expensive money in the country. Consolidation is just moving balances from the second category to the first — done at the right moment, in the right structure, with the discipline to not refill the cards after.
From optimizing to rescuing.
Revolving balances at high double-digit rates rolled into mortgage-rate money.
Vehicle loans, buy-now-pay-later stacks, and personal loans folded into one payment.
Tax arrears consolidated in the same move — see our dedicated CRA page for lien-stage files.
Consolidating before missed payments start — the cheapest time is before the bruise.
One new mortgage to 80% of value that clears everything at closing.
Debts cleared behind a low-rate first mortgage you'd rather not break.
The penalty-free moment: consolidate at maturity when nothing has to be broken.
When the month stopped balancing — payments restructured so the household breathes again.
Three ways to consolidate.
The right structure depends on your current mortgage, your equity, and how far the pressure has gone. We price all three before recommending one.
The deepest relief: every balance cleared at closing, one payment at mortgage rates. Timed to your renewal, it can cost nothing to break — mid-term, the penalty math has to earn its keep, and we show it to you straight.
The surgical version: the 2% first stays exactly where it is, the second clears the cards, and both fold together at the first's renewal.
For the file that's past 'optimizing' and into 'bleeding': stop the collections, clear the arrears, then step down to B-side or prime once the report recovers.
Rates, ratios, and leverage are typical ranges for illustration — last reviewed July 2026 — and depend on the file. Weigh a mid-term break with the penalty calculator and blended-rate calculator.
Files like yours.
Common consolidation questions.
How does consolidating debt into my mortgage actually work?+
A refinance or second mortgage advances enough to pay out your high-interest balances at closing — the lawyer sends the payouts directly — leaving one payment at mortgage rates instead of many at card rates. The monthly relief is usually dramatic because you're swapping double-digit revolving rates for secured pricing, often across a longer amortization.
How much can consolidation save each month?+
It depends on the balances and rates being cleared — which is exactly what we model for your real numbers before you commit. The pattern is consistent: high-rate minimum payments disappear, one mortgage payment replaces them, and hundreds to thousands of dollars a month in cash flow come back to the household.
Will consolidating hurt my credit score?+
Usually the opposite, on two fronts: maxed-out revolving balances — one of the heaviest drags on a score — drop to zero, and the single remaining payment is easier to keep perfect. The one discipline that matters afterwards: the freshly cleared cards can't be refilled.
Should I break my mortgage to consolidate, or wait for renewal?+
Arithmetic, not ideology. At renewal there's no penalty and consolidation is nearly free to structure. Mid-term, the penalty competes against the interest bleeding from the cards — sometimes waiting wins, often it doesn't. We run both dates side by side; a second mortgage frequently bridges the gap until renewal.
What if my credit is already bruised from juggling payments?+
That's the Alternative and private end of this page rather than the bank end — equity carries the file while the report recovers. Priced higher for a season, exited on a plan: consolidate now, rebuild for a year or two, then refinance to prime. See our bad-credit page for the full staircase.
Is consolidating just moving debt around?+
Mechanically yes — strategically no. The interest rate collapses, the cash-flow chokehold releases, and the credit report heals. The honest caveat: unsecured debt becomes secured against your home, and the strategy only works once. We say both parts out loud before you sign.
Can CRA debt be included in a consolidation?+
Yes — tax balances routinely ride along in the same advance. Once a lien is registered or enforcement has started, the sequencing gets more particular; that's exactly what our dedicated CRA debt page covers.
Ready to consolidate? Have these on hand.
Bring the honest list — every balance, every rate. The plan is only as good as the numbers it starts from, and nothing on the list will shock us.
- List of every debt — balance, rate, and minimum payment (the ugly truth version)
- Current mortgage statement — balance, rate, maturity, prepayment terms
- Property tax bill and a realistic sense of the home's value
- Proof of income — pay stubs and job letter, or business documents
- T1s and Notices of Assessment, last 2 years
- Recent statements for the debts being paid out
- Any collection or demand letters — they change the sequencing, not the possibility
- Void cheque and photo ID
Get the month back. Run the numbers.
Send the debt list and your mortgage details — confidentially — and we'll show you the monthly payment after consolidation, in writing, before you decide anything.