HOME    
 
 
     
  Using Home Equity Wisely

Using a portion of your home equity to take cash-out for business use, investment, HOME IMPROVEMENTS or a large purchase is usually a wise option, rather than borrowing from another source. If your home value has increased (lowering your loan-to-value ratio), this alone may allow you to refinance at a new lower rate and save. We make it easy. APPLY » »

Consolidating Debts

Consolidating higher interest debts such as Credit Cards, Auto Loans, Tax Debts, 2nd Mortgages, Personal Loans, Lines of Credit etc., is an easy way to reduce your interest costs and save money every month.

Example
   
   
    SPRING SPECIAL

105% Home Financing Now Available! Call Us Today for More Details.
 
 
BEFORE AFTER
Your Bills Monthly Pymt.     Your Bills Monthly Pymt.
Credit Cards 12.0% $238.00 Credit Cards $0.
Auto Loan 6.0% $578.00 Auto Loan $0.
Mortgage 6.2% $1,043.00 Mortgage $0.
Personal Loan 7.5% $280.00 Personal Loan $0.
Total $2,139.00 New Mortgage $1,251.
Monthly Debt is Reduced by $888.00 ($10,656.00 per year)
† Example based on combined loan amount of $210,000 refinanced at 5.319% Annual Percentage Rate, 5 yr. Term, 25 yr. amortization, conventional loan-to-value, O.A.C.
   
  Click to Verify  
     
   
     
 
  © COPYRIGHT 2001-2008 EQUIMAC MORTGAGE CENTRE INC.