Debt consolidation in Alberta
Debt consolidation mortgage in Alberta
Use your home’s equity to pay off credit cards, loans and other debts, so you make one monthly payment instead of many. Because the loan is secured on your home, the rate is usually lower than credit cards, and the payment is often much smaller.
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- Licensed with RECA
- Approval answers in 12–24 hours
- 50+ lenders compared
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The short answer
If you own your home in Alberta and have built up equity, you can often roll high-interest debts into one mortgage payment. Our clients typically save $300–$700 a month on a refinance, and some save more when they combine several debts. The review is free, with no obligation.
- One payment, one due date, one lender
- Usually a much lower rate than credit cards
- Every cost in writing before you sign
Is it right for you?
We’ll tell you honestly if a budget or a credit counselling program would serve you better.
A good fit if you…
- own a home in Alberta and have built up equity in it
- have credit cards, lines of credit, car loans or other debts with high payments
- are keeping up, but only just, and the minimums barely touch the balances
- want one payment, one due date and one lender
- have solid equity, even if your credit isn’t perfect (some lenders look mainly at your home’s value)
Not a good fit if…
- the spending that caused the debt hasn’t changed. If the cards fill up again, you end up with a bigger mortgage and new card debt.
- your mortgage penalty is large. Breaking your mortgage early can cost more than you’d save.
- the debts are almost paid off. Stretching a nearly finished balance over 10 years can cost more interest in total.
- you’d be borrowing close to your home’s full value. Less equity means less cushion.
- you can’t comfortably afford the new payment. Your home secures the loan.
Many Albertans are stretched: in July 2026, 66% had half or more of their income already committed before payday (MNP Consumer Debt Index).
How it works, step by step
1
Free review
Tell us about your home, your mortgage and what you owe. It’s free, with no obligation and no judgment.
2
Quick approval
We compare 50+ banks, credit unions and private lenders. Approval answers typically come back in 12–24 hours, with every cost in writing.
3
Start saving
Your lawyer typically pays your debts directly from the new mortgage, following the lender’s instructions. You make one lower payment.
A real example
Five payments became one, and the monthly total dropped by about $1,600.
Illustrative example
5 debts · $109,000 owing
Today: 5 payments
$3,100/mo
2 credit cards · 2 secured loans · 1 car loan
After: 1 payment
$1,500/mo
Back in your pocket
$1,600/mo
What changed
- Debts combined
- $109,000
- Payments each month
- 5 → 1
- Monthly total
- $3,100 → $1,500
- Saved each month
- $1,600
- Saved each year
- $19,200
Watch your penalty. If you break your first mortgage before its term ends, your lender may charge a penalty. We check this first, because sometimes a second mortgage costs less than breaking the first.
Example only: $109,000 of debts combined into one $114,500 loan secured on your home at 9.99% fixed, 5-year term, 10-year amortization. Subject to lender approval (O.A.C.).
What could you save?
Move the sliders to match your mortgage and your debts.
What it costs
Your rate depends on your situation, not a sticker price. You’ll see every cost in writing before you sign anything.
Your review
$0
- Free, with no obligation
- We look at your mortgage, your debts and your home’s value
- Approval answers typically in 12–24 hours
Bank refinance
Lowest rates available
- For steady income and good credit
- Borrow up to 80% of your home’s value, minus what you owe
- Paid off over up to 30 years, with terms up to 5 years
Second or private mortgage
Higher rate, built for flexibility
- For consumer proposals, CRA debt or when the banks say no
- Usually a 12-month, interest-only term, then renewed or refinanced
- Lender and brokerage fees apply. We show you the exact amounts upfront.
What sets your rate: how much equity you have, your credit, your income, and your property. Before you commit, we give you your exact rate, every fee, your monthly payment and your total cost of borrowing in writing. All mortgages are subject to lender approval (O.A.C.). Licensing and disclosures.
Get your real numbers. Free review, answer in 12–24 hours.
Why homeowners choose MortgageSolvers
6,132
Rates lowered
Homeowners whose mortgage rate we have brought down.
50+
Lenders compared
Banks, credit unions and private lenders, so you don’t have to tell your story ten times.
12–24 hrs
Fast answers
Approval answers typically come back in 12–24 hours, with every cost in writing.
$300–$700
Typical monthly savings
What clients typically save each month on a refinance. Your own numbers come in writing first.
Real homeowners. Real monthly relief.
From 180+ Google reviews by Alberta homeowners.
★★★★★
Great service always available to give you updates look for and willing to give you the best rates which saves you thousands Thanks for your hard work I am grateful for The support,help and savings
Branson · Airdrie, ABRead Branson’s review on Google (opens in a new tab)
★★★★★
We were in a very stressful financial situation before working with MortgageSolvers. Our private mortgage rate was high, credit card balances were building up, and the banks were not giving us any real solutions. From the very first call, everything was handled professionally and transparently. They took the time to review our entire situation, explained all fees upfront, and clearly outlined what was possible and what wasn’t.What really stood out was the honesty. There were no hidden charges, no last-minute surprises, and no unrealistic promises. In the end, our monthly payments were reduced significantly and we finally feel back in control of our finances. If you’re feeling stuck, I highly recommend speaking with MortgageSolvers.
Bibek · AlbertaRead Bibek’s review on Google (opens in a new tab)
★★★★★
I was treated with care and dignity. The staff were outstanding! Not only did they get me a lower interest rate, but saw a flaw in my past financial mess and made me aware of a serious issue that was not my fault. The team and my lawyer attacked the situation with pure dedication and got me a pay out that was much more than expected. It seems this company cares and will go to the mat for you. They did for me! Thank you, so, so much!!!
Nicole · Camrose, ABSent to us by Nicole
★★★★★
Smooth steps during process. Communication and professional.
Chad · Grande Prairie, ABRead Chad’s review on Google (opens in a new tab)
★★★★★
Amazing experience! Got a mortgage to payoff my property tax bill in 48 hours!
Ethan · AlbertaRead Ethan’s review on Google (opens in a new tab)
★★★★★
They helped me get the lowest interest rate so quickly
Julian · AlbertaRead Julian’s review on Google (opens in a new tab)
★★★★★
I was overwhelmed with debt and high payments. MortgageSolvers walked me through everything clearly and reduced my monthly payments more than I expected. No hidden fees, no pressure. Just honest advice and real results.
Wanda · AlbertaRead Wanda’s review on Google (opens in a new tab)
★★★★★
Fast, organized, and responsive. MortgageSolvers kept us updated throughout the entire process and closed on time.
Rahul · AlbertaRead Rahul’s review on Google (opens in a new tab)
★★★★★
MortgageSolvers helped me get a mortgage last year and it was the best decision I made 🙏
Craig · AlbertaRead Craig’s review on Google (opens in a new tab)
Questions people ask
Does consolidating debt into my mortgage hurt my credit?
Applying involves a credit check, which shows on your credit report and can lower your score a little for a while. Over time, paying off high-balance cards and making one payment on time may help your score (Financial Consumer Agency of Canada).
Can I consolidate debt with bad credit?
Often, yes, if you have equity. We work with lenders who look at your home’s equity and not only your credit score. The rate will usually be higher than a bank’s.
Should I refinance or get a second mortgage?
It depends on your rate and your penalty. If your current rate is low or the penalty is high, a second mortgage can leave your first mortgage alone. If not, a full refinance may cost less overall.
How much can I consolidate?
Most lenders lend up to 80% of your home’s value, minus what you already owe on it. The home equity calculator gives you a rough idea in a minute.
How quickly can I get an answer?
Approval answers typically come back in 12–24 hours.
Will you tell me if it isn’t worth it?
Yes. If the penalty, the fees or your situation mean consolidation would cost you more than it saves, we’ll say so and point you to a better option.
Related options
Find out what you could save.
A free, no-obligation review. We’ll look at your current mortgage and show you exactly how much you could be saving. No pressure. Just numbers.