Debt Consolidation
Take Control of Your Debt — and Your Financial Future
If you're juggling multiple high-interest debts, you're not alone—and you're not stuck. Rolling your debts into your mortgage through consolidation can be a powerful way to regain control of your finances. It allows you to lower your overall interest rate, simplify your payments, and free up monthly cash flow—all while making real progress toward becoming debt-free.
Debt consolidation can also help reduce financial stress, improve your credit score over time, and give you the clarity and breathing room you need to move forward with confidence.
This option is especially helpful if you’re carrying high balances on credit cards, personal loans, or lines of credit, and you're only making minimum payments. If you own a home and have some built-up equity, consolidating your debt into your mortgage could be the reset you’ve been looking for.
Will debt consolidation hurt my credit score?
In most cases, debt consolidation can actually improve your credit score over time—especially if it helps you make consistent, on-time payments and reduce your overall debt load.
Initially, you may see a small dip in your score due to a credit inquiry or changes to your credit utilization. But in the long run, consolidating your high-interest debts into one manageable mortgage payment can lead to better credit habits and a healthier financial profile.
Do I need a lot of equity to consolidate my debt?
You don’t need a fully paid-off home to consolidate your debt—but you do need some equity.
Most lenders allow you to borrow up to 80% of your home’s appraised value, including your current mortgage balance. So, if you’ve built up enough equity, you may be able to roll high-interest debts like credit cards or personal loans into your mortgage—giving you one lower-interest payment and more breathing room each month.
Can I consolidate my debt if I have bad credit?
Yes—you may still be able to consolidate your debt even with bad credit.
Lenders look at more than just your credit score. If you own a home and have built up enough equity, you might qualify to roll your high-interest debts into your mortgage, even if your credit isn’t perfect. In fact, debt consolidation can be a smart step toward rebuilding your credit, as it simplifies your payments and can reduce the risk of missed or late payments.
Fantastic experience working with Valko Financial. Matthew was very helpful and kept on top of requirements with both myself and my lawyer. Thank you!
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Kelly Zinger
2 days ago
Honesty, Integrity, Commitment & Professionalism! Cindy White checks off each and every box. We truly appreciate and have so much respect not just for your knowledge but also for your guidance. You have always through the years without fail kept our best interest front line and centre. If you were unsure of an answer you found it without hesitation, building a trustworthy relationship one step outta time. My recommendations will always be with you to meet all financial needs! Warmest regards. Nancy & Clarence
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CNC
3 days ago
I had an excellent experience with the Tracy Valko team. Santiago and Matt were incredibly helpful, providing clear advice and great mortgage options tailored to my needs. They made the process simple and stress-free, especially with the paperwork, which they handled smoothly and efficiently. I really appreciated their professionalism and support throughout the process. Highly recommend them if you are looking for a mortgage good rate
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Diana Carreon
22 days ago
You’re not alone — there is a way out.
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