Calvert Home Mortgage provides real estate financing for properties in Alberta
Save yourself thousands of dollars in interest, lower your monthly payments and get debt free faster by consolidating your debts. Take equity out of your home to pay: credit cards, department cards, lines of credit, car loans, CRA debts, property taxes and any other debts that are weighing you down.
Borrower is restricted with high monthly payments
The current debt has a high and costly interest rate
Low amortization makes it challenging to pay it down
High penalties are being accrued
Property is subject to foreclosure, and may force its sale
Need quick access to equity
Borrowing ratios (GDS and TDS) prohibit traditional financial institution options
Credit score is being negatively impacted
Personal peace of mind is being impacted by debt collectors
CHMIC will provide first and second mortgages to pay off (or down) high interest rate debt to reduce the cost of borrowing, reduce monthly payments, and provide a path to debt elimination. This allows the borrower to re-establish their credit, gain peace of mind, and regain access to traditional financing options.