Debt Consolidation Mortgages in Canada
Quick answer
Quick answer (Canada): A debt consolidation mortgage lets you roll high-interest debt (credit cards, personal loans, car loans) into your home financing at a much lower rate. We analyze your balances, equity, and goals—then compare refinance, HELOC, or second mortgage solutions. You get one payment, lower interest, and a clear path to becoming debt-free.
See: Refinance Guide · Debt Consolidation Guide · Debt Consolidation Calculator · Payment Strategies
Simplify your payments and lower your monthly costs by consolidating debts into your mortgage. We compare 100+ lenders across banks, credit unions, and alternative options to package a refinance or equity solution that actually fits your budget.
Drowning in Debt? Clear Genesis Solutions
- High credit card rates eating your income. We replace 19–29% APR with mortgage-level rates.
- Multiple payments and due dates. One monthly payment simplifies life and avoids late fees.
- Credit score slipping. Consolidation reduces utilization and can rebuild your score.
- Cash flow strained. We model payments that free breathing room while still building equity.
- Fear of bank declines. We shop 100+ lenders including credit unions and alternative programs.
Why Choose Genesis Group for Debt Consolidation
- 100+ lenders compared. Banks, credit unions, trust companies, and private lenders.
- Debt-smart structuring. Balance between lowest rate and fastest paydown strategy.
- Tailored solutions. Refinance, HELOC, or second mortgage—we design what fits.
- Concierge process. From payout letters to solicitor coordination, we manage every step.
- Credit rebuild plan. We help you restore score and position for prime lender renewal.
How It Works
- Apply in minutes. Share your debts and mortgage details.
- Analysis. We calculate savings and structure options.
- Lender shopping. Market competition secures best rate and terms.
- Close smoothly. Debts paid off, one simple mortgage payment replaces many.
- Plan ahead. We set up a strategy for credit rebuild and early paydown.
Discover the Key Benefits of Choosing Your Debt Mortgage with Genesis Group.
⭐⭐⭐⭐⭐ Experience Guaranteed
I had a great experience with The Genesis Group. The process was smooth, with clear communication and competitive rates. Their team was responsive and helpful throughout. Highly recommend!
Breanna Bacik
09/13/2024The Genesis Group exceeded my expectations! Purchasing an investment can be a scary process especially during this unprecedented time. I had the pleasure of working with Kirk and his assistant... read more
S T
01/13/2023As a first-time homebuyer, navigating the mortgage process can be incredibly daunting, but The Genesis Group made it not only manageable but truly rewarding. I had the distinct pleasure of... read more
Rohan Spence
05/13/2024My husband and I had used Kirk and his team upon closing a deal on our home. We couldn’t be more happy with everything Kirk and Brittney have done for... read more
Laura Vescio
11/13/2024Kirk is a class act! He helped me with my first home property mortgage and couldn’t have asked for a more professional person to deal with. Him and his team... read more
Lui Vescio Jr.
12/13/2024If getting a mortgage was an Olympic sport, these guys would take gold—blindfolded, on a unicycle, while juggling flaming swords. They made the process so smooth, I was half convinced... read more
Samantha L
09/13/2024Could not say enough about The Genesis Group. The level of dedication, professionalism, and knowledge is unmatched. When dealing with such a big life decision like buying a house -... read more
Maria Woychyshyn
11/13/2024From the very first meeting to the joyous moment of receiving my keys, The Genesis Group, under the astute leadership of Kirk Bryan, has been nothing short of spectacular in... read more
Rohan Germain
01/13/2024My partner and I have been in our first home for over a month now and we cannot thank Kirk and The Genesis Team enough! Kirk was patient, professional, supportive,... read more
stephanie B
01/13/2023
Gain access to our vast network of 100+ lenders offering tailored residential mortgages to suit your financial needs.
Real results for Canadian homeowners
Debt-free in one step
Consolidated $60k+ into one mortgage, monthly payments dropped by 42%.
Read case studyBridge + consolidate
Cleared $68k in debts while managing unsold home with a bridge mortgage.
Read case studyRelief during interruption
Short-term payment relief and refinance back to prime once income resumed.
More success storiesFrequently Asked Questions
What is a debt consolidation mortgage in Canada?
It is a refinance or home equity solution that rolls high-interest balances like credit cards and personal loans into your mortgage at a lower rate. You get one payment and a clear plan to pay off debt faster. Start with the Debt Consolidation Calculator.
Can I roll credit card debt into my mortgage?
Yes, if you have enough equity and qualify on income and credit. We compare refinance, HELOC, or a second mortgage and show the monthly savings and total cost. We also time payouts so all balances are cleared on closing day.
How much equity do I need to consolidate debt into a mortgage?
Requirements vary by lender and product. Conventional refinances often cap total loan-to-value within policy limits. If equity is tight, we can explore a smaller refinance, a HELOC, or a short-term second mortgage while we plan a path back to prime rates.
Which is better for debt consolidation, refinance or HELOC or second mortgage?
It depends on goals and timing. A refinance can cut rate across all balances. A HELOC adds flexible access for future expenses. A second mortgage avoids breaking your current term. We model all three so you can pick the lowest total cost. Use the Product Comparison Guide.
Will consolidating debt into my mortgage hurt my credit score?
Most clients see improvement over time. Utilization drops when high-rate balances are paid out. On-time mortgage payments build history. We also suggest simple rebuild steps and plan a refinance to prime pricing when eligible.
What costs should I expect and are there penalties for breaking my term?
Expect standard legal and appraisal fees and possible lender fees. If you break your current term, a prepayment penalty may apply. We calculate the penalty and still aim for a lower overall cost vs keeping high-interest debt. Read Mortgage Penalties in Canada.
How fast can I be approved and funded for debt consolidation?
Clean files can receive conditional approval in a few business days. Funding speed depends on appraisal, title work, and lawyer availability. We process documents once, underwrite to multiple lenders, and coordinate payouts so the transition is smooth.
Where can I find official guidance on debt and mortgages in Canada?
The Financial Consumer Agency of Canada publishes borrower education and budgeting tools. Review resources at the FCAC website, then we tailor a plan that fits your goals.
Get started
Ready to simplify your finances and save thousands in interest? We’ll package your debts, compare 100+ lenders, and guide you every step to a clean slate.
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