In order to determine if you can consolidate debt into your mortgage, you start by determining how much available equity you have.In Canada, this is determined by taking 80% of your home’s value and subtracting any existing mortgage balance.Ratehub.ca’s debt consolidation calculator will start by showing you how much equity you have available to consolidate your various loans.
You can remove all local shared objects created by CIBC Flash tools from your computer using instructions found here.The calculation is based on the information you provide and is for illustrative and general information purposes only.This should not be relied upon as specific financial or other advice.Actual results and loan or line of credit payment amounts and repayment schedules may vary. Applicants must meet CIBCs lending criteria; all personal lending products are subject to credit approval. Products and their interest rates may change at any time without notice. You may find that debt consolidation loans are the best option to help you formulate a path to financial freedom.
This calculator will add a file, known as a local shared object or a Flash cookie, to your computer.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.This file contains configuration information, as well as information you enter and the calculator results you are presented.CIBC does not use the information in local shared objects for analytical or other purposes.In March 2016, Berlyn, a mobile relationship manager at our Calgary Eighth Avenue Place branch, started working with the couple to help them apply for a mortgage.