Pulling equity out of your home at today's great interest rates can save you as much as 17% a month in total interest.

Alberta Equity will guide you through a painless process to get you on the road to a debt free lifestyle.

In the past, for a client to consolidate credit card and loan debts, a second mortgage was the best choice. Today, you can top up your existing mortgage to incorporate those debts and remove the debt load. Second mortgage rates can be as high as 19%!! Why would you choose that expensive avenue over refinancing at today's rate of Error processing SSI file
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Alberta Equity helps many clients every month, leverage the equity in their home to consolidate the debt and lower their overall payments. The following example was the case for one of our clients. It clearly shows the money they were able to save each month.

Before Existing Mortgage Property Value $170,000 Mortgage Balance $130,000 Interest Rate 8.2 % Term 5 year Monthy Payments Car ($8000) $250.00 Visa ($3000) $150.00 Mortgage $1021.43 Total Payments $1,421.43

After Alberta Equity Mortgage Property Value $170,000 Mortgage Balance $141,000 Interest Rate 5.75 % Term 5 year Monthy Payments Car ($0) $0.00 Visa ($0) $0.00 1 Mortgage Payment $898.81 Total Savings $522.52

As this example shows, we were able to refinance their existing mortgage before the term was up and get them the money they needed to pay off all debts and lower their monthly mortgage payment by $122.52. So they saved a total of $522.52 per month and have been able to put that extra money into an investment account for their retirement.

In order to take advantage of this program you must be a home owner and have at least 15% equity or more in your home. If you have any concerns or questions please include them in the application/comments section or email us directly.

The best way to determine whether debt consolidation is the right avenue for you is by calculating what your monthly debt payments total. Include all loans, lines of credit, credit cards and your mortgage. Take that amount and divide it by your gross total monthly income. If the number is higher than 0.50 then don't leave this site. If you are below 0.50 we can still help save you money.

Fill out our Online Approval Application and let us do the leg work for you. The secret is to determine at an early stage whether debt consolidation is the best route for you.