DEBT CONSOLIDATION

›	Is high-interest debt eating up your cash flow?
›	Are you constantly juggling different lender payment dates?
›	Is your debt becoming unmanageable?
›	Do you have equity built up in your home?

Let The Gillis Group show you how to use the equity in your home to pay off credit card and other high-interest debt. Single payments at a lower interest rate that are spread over a longer period of time will make unmanageable debt more manageable and give you financial peace of mind.

Below are some borrowing guidelines to consider:

›	You may borrow up to 90% of the value of your home
›	If you borrow more than 75% of the value, you will need mortgage default insurance (premiums range from 0.05% to 3.25%)
›	You may prepay up to 25% of your original principal amount each year on any regularly scheduled payment date without penalty (percentage varies by lender)
›	You may increase your regular payments by up to 25% on any regularly scheduled payment date with no penalty (percentage varies by lender)
›	Both fixed and variable interests rates are available
›	Legal and appraisal fees may apply

For more detailed information, contact
Scott Gillis, Senior Mortgage Planner, at 416.440.0338.