Call Email
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Mission 35Mission35 Logo

  • Mortgages
    • Mortgage Refinancing
    • Private Mortgages
  • Mortgage Calculator
  • About
  • Contact
  • Apply Today
Monday-Mailbag Youtube

Monday Mailbag – Why Do People Add Debt to Their Mortgages?

Welcome to Today’s Monday Mailbag!

Happy New Year, everybody!

We’re going to be doing all of January on refinances!

Today’s Monday Mailbag is “Why do people add debt to their mortgages?” and that is a great question!

Many people will take outside debts that are at a higher interest rate, such as credit cards or other loans and consolidate (what we call a refinance) into your house mortgage. The reason for this is because the interest rate is lower, typically, on your mortgage than it is on your outside debts.

The benefits can be:

  • Better monthly cash-flow
  • Fewer payments
  • Possibly paying off all of your debts quicker.

Great question – make this a fabulous day!

Primary Sidebar

Mission35 Logo
  • Blog
  • Privacy
  • Sitemap
  • Operatic Agency

Copyright © 2021, Mission35 Mortgages, All rights reserved.

Head Office 59 John Street South
Hamilton, On, L8N 2B9
  • Call: 905-574-5255
  • Email: info@mi35.ca
Mission35 Locations
  • Ancaster
  • Binbrook
  • Burlington Fairview
  • Burlington Itabashi Way
  • Hamilton Queenston
  • Hamilton Upper James
  • Hamilton Winterberry
  • Niagara Falls
  • St. Catharines Martindale
  • St. Catharines Welland Ave
Contact Us

Please fill out the following form and one of our agents will get back to you shortly.