The holidays are fun, until the January credit card statements arrive.
There are options for consolidating high-interest credit card balances, but they’re not one-size-fits-all. Read on to learn more or check out my video!
Start With a Simpler Holiday Plan
It’s easy to spend much more than you wanted around the holidays, especially if you have children.
Small children don’t know the difference between a $50 and $150 gift. Keep your spending in check now and you’ll feel it in January in lower stress and better cash flow.
When Debt Consolidation Can Help With Credit Card Debt
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If you’re carrying multiple cards at 19–24% interest.
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If you have stable income and sufficient equity.
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If you want one payment and a clear plan to clean things up before renewal.
The Trade-Offs You Need To Know
Rolling unsecured debt into your mortgage can lower your monthly payment, but you’re spreading costs over a longer period. We’ll run the numbers both ways so you see total interest paid, not just the new payment.
My Process
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Review balances, rates, and monthly payments.
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Check equity and refinancing options.
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Compare “keep as-is” vs. “consolidate” over the same timeline.
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If it helps, we set a pay-down plan so you don’t rebuild the balances.
Whether you are preparing to buy your first home or your fifth, if you’re looking to get pre-approved for a mortgage in Edmonton, fill out my online application. I’m here to help you every step of the way.
About Jason Scott, Edmonton Mortgage Broker
Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, I’m trusted partner who will help you get the right mortgage for your home or investment property. I’m Jason Scott, and I’ll be your Mortgage Broker in Edmonton.
