Refinancing and consolidating debt mandating health insurance
Homeowners who are looking to consolidate their debts have the option of using their home equity to secure a loan or line of credit.
For example, the CIBC Home Power Mortgage allows you to borrow additional money on your mortgage so you can consolidate your debts into one simple payment.
Mortgage loans come with the lowest interest rates because they are securitized; or in other words, they are backed by an asset – your home.
If you were unable to make your mortgage loan payments, the bank has a claim on your house, and this makes your loan less risky.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice.
We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances.