What types of debts can be consolidated into my mortgage?

Author: Boychuk Mortgage Group |

You can consolidate various high-interest debts into your mortgage, including credit card balances, personal loans, car loans, and other unsecured debts. High-interest credit card debt is particularly beneficial to consolidate due to the typically high rates associated with credit cards. Personal loans and car loans, which often carry higher interest rates compared to mortgages, can also be included. By consolidating these debts into a single mortgage loan, you benefit from the lower interest rates typically associated with mortgages, thereby reducing the overall interest you pay over time and simplifying your debt management.