Helping people with their Debt Consolidation needs
Are you held back by high-interest rate debt? Get debt-free sooner and increase monthly cash-flow by consolidating all your debts into one lower interest rate.
I'm Shanu Jandoo and I'm an experienced Mortgage Broker working in Brampton and Mississauga, Ontario. As a mortgage broker I have the opportunity to help find you the debt consolidation solution that fits your needs.More About Shanu Mortgage Calculators
Shanu Jandoo - Mortgage Broker
I have been servicing my mortgage finance clients since 2005 and I believe that every customer deserves the best care and service when purchasing or refinancing the home of their dreams. I am here to serve your mortgage needs and I have what it takes to make a difference in your next mortgage transaction.
My team and I can place all types of mortgages including purchases, bad credit or in tax arrears, equity takeouts, debt consolidations, mortgage refinancing and renewals and mortgages for self employed.
Since my business is built primarily through referrals from satisfied customers, your positive mortgage experience is essential! Your mortgage is a big decision and a powerful financial tool. I look forward to helping you achieve your financial and home ownership goals! .
Debt consolidation is unavoidable when you have too many debts or debts that you are struggle to repay.
Many people wonder if debt consolidation is worthwhile, if one should consider it or just try to repay the debts as they are trying now. Truth be told, debt consolidation is the only option one has at times. Debt settlement is certainly an option but it can ruin your credit score. Also debt settlement is unpredictable and not a very easy solution for most people. After all, you don’t get an easy repayment plan. Every creditor or lender will not come together when you wish to settle. You would still have to repay the mutually agreed amount for settlement of each loan individually.
Sneak peek into how debt consolidation can help you become debt free.
First, you get all your debts consolidated into one. Hence, you don’t have to pay your credit card company and some bank separately. You don't need to worry about each loan. You will have one loan after debt consolidation and you would have one monthly payment. That payment would be geared towards all the outstanding loans or debts you have. A debt consolidation company will get everything arranged so you don’t have to delve into the complicated details of how the debt consolidating practice works.
Having all your debts combined has another advantage... you will have a single point of contact. It's usually much easier to manage one debt or its repayment vs many. The one payment will take care of all your creditors. No collection agent, no phone calls and no unending negotiations with multiple creditors. You simply keep paying once a month and the debt consolidation company will deal with all your creditors.
The reason why debt consolidation will make you debt free is because of lowered interest, waived fines and penalties, relaxed repayment term and financial counseling. Your car loan will have a certain rate of interest which will be different from what your credit card company will charge. A bank’s rate is different from that of a private financing company. Personal loans charge different rates than student loans. All these rates of interests would confuse anyone. Instead of paying varying and often high rates of interest, you would be paying one, low rate of interest. When you opt for debt consolidation, it is known that you are finding it difficult to repay the loans. By that time, the late fees or fines and penalties would have skyrocketed. All these expenses along with mounting interest make it difficult for someone to become free of debts.
Debt consolidation gets all fines and late fees waived. There itself you get to save some money. With a lowered rate of interest, the total amount you owe can be reduced by hundreds and potentially thousands of dollars, depending on how much you owe.
Call Today: 416-301-3369 or email us