Refinancing a Mortgage for Debt Consolidation

How to get lower interest rate for debts?

• You can lower the interest rate for your debts by using the lower rate from your mortgage. Debt consolidation means transferring your high interest rate debt to your low interest mortgage – all debts now pay the lower interest rate.
• Debts like credit cards, lines of credit and car loans have high interest rates (10% -25%). Mortgages have the lowest interest rates (4%).
• Example:  transferring $100,000 high interest debt to a mortgage saves $11,000 a year²
• The key is get your interest rate lower for all debts.

How mortgage refinancing consolidates debt

• You can refinance your mortgage to consolidate your debt by renegotiating your mortgage.
• Your current mortgage is for a specific term (eg: 3- 5 years). Once the term ends (or you end it early) you can start a new mortgage. Your Mortgage Agent can calculate any early termination fees.
• You ask for a larger amount of money for the mortgage (Equity Takeout).
• You can consolidate your debt by using the extra money requested to pay off high interest loans.
• A mortgage agent can help you do all of this work and will represent your interests when dealing with the banks.
• Your real estate lawyer will handle paying out all the debts on your behalf.
• Now instead of paying five different debt holders, you just pay one at a lower interest rate.
• Equity takeout (ETO) means to access existing equity in your house. If your house is worth $800,000 today and next year it’s worth $875,000, your “equity” has grown by $75,000. A mortgage agent can confirm how much of the $75,000 you can access.

Debt Consolidation helps

• Debt Consolidation can help improve your financial situation by lowering costs on a monthly basis.
• Credit Score: consolidating debt can improve your credit score by decreasing debt utilization which enables you to access lower interest rates in the future.
• Simplify your life: you can consolidate your debt into one payment, one monthly deadline  – simplicity at its best.
• Stress: every month you will have more money coming in than going out and your savings will grow.  Decrease your stress by never worrying about a collections agency calling you.
• Cashflow: you can improve your monthly cashflow by lowering your monthly debt payments – it all starts by transfering all debt into one mortgage.

How to improve cashflow

• You can improve your monthly cashflow by lowering your monthly debt payments.
• Money comes in (from your employment) and money goes out (to pay bills).
• If more money comes in than out – you have savings and positive cashflow.
• If the amount of money going out decreases (debt consolidation) then your cashflow is improving.
• In the example above, ($100,000 debt) your cashflow would increase by $11,000 a year.

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jason@wodlinger.com	416.899.2750

How Mortgage Agents Consolidate Debt

• Here are ways that Mortgage Agents can help you consolidate debt.
• Confirm how much home equity you can access.
• Estimate your personalized interest rate.
• Calculate your monthly payments after debt consolidation.
• Analyze how much more cashflow you can save by refinancing.

Credit Cards	CRA Tax	Lines of Credit
Student Loans	Car Loans	Liens

Mortgage Refinancing Next Steps

• Here is how Mortgage Refinancing works:
  First the Mortgage Agent will review the consolidation of your debts and calculate your potential cashflow increase.
• We then calculate your home equity to understand how much can be accessed.
• We analyze your finances to determine how much equity you can use relative to your income.
• We work with our lenders to find the best solution to improve your financial health.

What does it cost to use a Mortgage Agent?

• Nothing!
• JWM agents are paid through commission by the Lender with whom you authorize us to work.
• There are Brokerage fees if you use our Private lenders
• But – in most cases – if you are refinancing into a standard conventional mortgage, there is no extra payment required to the mortgage agent.

Agents Available Now	Call us Now
jason@wodlinger.com	416.899.2750

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We will never sell or share your data with any third party. Only employees of JWM will contact you to see if we can help.

Our Solutions

Mortgage Rates

(assumes credit score >600)

Term	Mortgage Rate
2 year term	4.24%
3 year term	3.89%
4 year term	3.94%
5 year term	3.94%
Variable Rates	3.54%
1 year term	Our Private Lenders offer short terms
credit score <600	Our Lenders can help with bruised credit.

updated Jan 1, 2026

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Understanding the
Pre-Qualifying Process

• Pre-qualifying ensures we respect your time. If there is a high probability (no guarantees) to solve your situation we’ll tell you right away. If we can’t help at least we’ve saved you some time.
• Our system compares the information you provide in this online questionnaire against the requirements of our top lenders.
• Pre-qualified means your file will be prioritized ahead of any other client who has not been pre-qualified.
• Funds can be received faster when one is pre-qualified.
• A critical element of the analysis includes whether your total debt load is under 75% of your house value. To understand more about this analysis, contact us.

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Next Steps in the process

• After submission, one of our agents will contact you before 5pm today.

• Our agents will speak with you to learn more about your situation.
• We will request a few documents.
• When documents are received, we can provide a conditional mortgage approval in 24 hours.
• After issuing the conditional approval, the lender may ask other questions and requst more documents.
• Upon receipt of all documents you can receive funding in 48 hours.

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Mortgage Agent Referral Database

FAQs

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Private Lenders

AltaWest Capital	AW Capital
CMI Group	Firm Capital
Fisgard Mortgage	PHL Capital
Premhome	RiverRock
Sequence Capital	Tribecca Finance
VWR Capital	Gentai Capital

And many many more……

Alternative Lenders

CWB Optimum	Equitable
Hometrust	First National
B2B Bank	MCAN Financial
MCAP Financial	Haventree
RFA Mortgages	Effort Trust
Strive Capital	First Ontario

And many many more……

Note 2: example assumes high interest debt charged 15% interest rate per year; low debt interest rate charge is 4%

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