There are times when it is prudent to increase the mortgage on your home to pay-off other debts with a higher interest rate. A good example of this are credit cards and car loans. Increasing your mortgage at a lower rate than your other debts decreases your interest costs and lowers your monthly payments, improving your monthly cash-flow. If you have sufficient equity in your home and a high amount of consumer debt, a mortgage debt consolidation may be worthwhile considering. We invite you to contact us or call our office at (519) 824-9900 to discuss your particular situation in detail.