TL;DR
Who this is for
- Borrowers evaluating debt consolidation mortgages options in Canada.
- Households that want a broker-led process with clear next steps.
- Borrowers comparing total cost, risk, and timeline before commitment.
Who this is not for
- Borrowers who only want headline-rate quotes without execution support.
- Households not yet ready to provide documentation for lender review.
- Borrowers whose timeline does not match this service path.
Risk and cost implications
Evaluate qualification risk, penalty exposure, and total borrowing cost before selecting a lender strategy.
Use scenario modelling to compare this service path against purchase, refinance, and transfer alternatives.
Comparison block
Calculators and tools
Publication details
Published 2026-02-21. Last updated 2026-02-21.
FAQ
Will this lower my monthly payment?
Often yes, but total interest costs can increase if amortization is extended.
Does consolidation affect my credit?
It can improve your profile if it reduces utilization and late payments.
Is consolidation possible without refinancing?
Sometimes through a HELOC, but we compare both options.
