Get help from your trusted mortgage broker in Barrie
Credit card bills. Payday loans. Lines of credit. These high-interest debts can quickly spiral out of control, especially in a growing city like Barrie, where living costs are rising fast.
If you’re feeling the pressure, you’re not alone, and there’s a smart way out.
Many Barrie homeowners are using the equity in their homes to consolidate debt, reduce monthly payments, and get back on track financially, even with bad credit.
What Is Debt Consolidation?
Debt consolidation means taking multiple high-interest debts and rolling them into one lower-interest loan. Instead of juggling five payments, you manage one.
The smartest way to do this? A home equity loan or second mortgage, which offers:
- Lower monthly payments
- Simplified monthly payments
- Reduced financial stress
Why Use a Home Equity Loan to Consolidate Debt in Barrie?
1. Tap Into the Equity You Already Own
If your Barrie home has increased in value (which many have), you likely have tens of thousands of dollars in unused equity.
2. Lower Your Monthly Payments
Credit cards often carry interest rates between 18–29%. A second mortgage or home equity loan could be lower.
That difference can cut your monthly bills dramatically.
One of our Barrie clients reduced their monthly payments by $685 by consolidating $50K in high-interest debt.
3. Get Approved — Even with Bad Credit
Traditional banks often say no if your credit score is low. At Burke Financial, we work with over 100 alternative lenders who look beyond the numbers and focus on:
- Home equity
- Payment history
- Your financial recovery plan
We’ve helped many clients in Barrie rebuild their credit while freeing themselves from debt.
Second Mortgages in Barrie: A Powerful Debt Tool
Second mortgages are often misunderstood, but they’re powerful for debt relief. You don’t need to break your existing mortgage. Instead, this separate loan uses your home as collateral to provide quick cash.
Burke Financial Help Barrie homeowners use second mortgages to:
- Pay off collections
- Avoid bankruptcy
- Stop notices of sale
- Catch up on property tax arrears
Why Barrie Chooses Burke Financial
- Award-Winning Brokerage
- 1,000+ Ontario Clients Helped
- We Handle Everything for You
- Funds Released in 48–72 Hours
We proudly serve Barrie homeowners with virtual consultations, fast communication, and real solutions.
