Consolidation Loan
Online Estimate
No bank visits. Digital & hassle-free.
Rates updated Apr 17, 2026
Rates updated Apr 17, 2026
Get your best rate in 3 steps
- 1See how much you can borrow
- 2Compare your monthly payments
- 3Connect with a broker
360Lending is an award-winning digital mortgage brokerage
Since 2015, our team helps Ontario homeowners get better rates on home equity loans, HELOCs, and mortgages.
2,000+ Reviews
Rated A+ by BBB.org. Our brokers are dedicated to providing the best customer service in the industry.
Easy Digital Tools
Get an instant estimate, schedule a call with a broker, and review your options from the comfort of home.
100% Transparency
No hidden fees, ever. Our technology shows you options + pricing to help you decide with confidence.
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Restructure High-Interest Debt
Pay 50% less interest monthly and improve your credit
Consolidate your high-interest credit cards, loans, and tax arrears at much lower rates. On average, our clients save around $750/month—or $9,000/year—by paying off $50,000 of high-interest debt. Your credit will also start to rebuild within 60 to 90 days.
Restructure your debt in 5 steps:
1
Get pre-approved in 60 seconds
See how much you can borrow and your estimated monthly payments before speaking with a broker.
2
Talk to your broker (24 hours)
At the end of your pre-approval, book a call with our team to confirm your goals, details, and timeline.
3
See how much you can save
Receive a personalized report of your qualifications, options, and how much you can save by consolidating.
4
Access 50+ mortgage lenders
We negotiate with a vast network of lenders to get you the best rates for your situation.
5
Receive funds within 5 to 8 days
Have your funds deposited into your account within 5 to 8 business days after your documents are signed.
Paid off $85,000in credit cards & car loan
Credit score increased to 720after 3 months
$1,400 Saved Per Month
Julia is a successful marketing manager earning a strong salary, but her monthly payments were taking a toll on her well-being. She was spending around $2,275 per month covering high-interest balances—$45,000 across multiple credit cards and $40,000 remaining on her car loan.
Even though her payments were always on time, her credit utilization was high, and her credit score had started to decline. She felt anxious, stuck, and unable to enjoy life or save for her future. Like many homeowners in similar situations, she needed a way to simplify payments and improve her monthly cash flow.
How to Pay Off Debt With Home Equity:
Julia had about $420,000 remaining on her mortgage, locked in at a great rate with 12 months left in the term. After reviewing her goals and finances, we arranged for an appraisal through an approved appraiser and confirmed that her condo’s market value was $900,000—meaning she had substantial equity available.
We recommended a consolidation mortgage using a home equity loan as the most suitable solution. This allowed her to keep her existing first mortgage untouched while accessing equity to combine all outstanding balances into one manageable payment. We assessed her eligibility and suitability, and structured the product to support her long-term goals, including restoring her credit standing.
We also advised Julia that once her balances were paid off and her credit score improved, she’d likely be in a strong position to refinance her entire mortgage within 12–18 months—unlocking even more savings and flexibility.
Results
Julia used the equity in her home to pay off over $85,000 in high-interest loans and credit balances. Her new consolidation mortgage reduced her monthly payment burden by over $1,425. Within three months, her credit score rebounded to 720, giving her new financial confidence. Most importantly, the savings immediately improved her quality of life. With fewer bills, lower payments, and a plan for the future, Julia started a college fund for her daughter—one of many powerful outcomes we’ve seen in our client experiences. This is a great example of the real-life benefits of mortgage consolidation when guided by the right strategy.
Find out how much you can save:
INTEREST PAYMENT COMPARISON
Current payment
$0 / month*
360Lending payment
$0 / month*
Your estimated interest savings
$0 /month*
or save
$0in payments over 12 months*
with 360Lending payment
Paying off your credit cards will help boost your score within 60-90 days
*The information presented is for illustrative and educational purposes only. Monthly payments are an estimate. Calculations are made assuming an APR of 11.99% for 360Lending payments and an APR of 19.99% for fixed payments with your credit card provider.
Get StartedApply for a consolidation loan in Ontario, Canada
Have the following documents ready to ensure a seamless experience:
2 valid IDs (i.e. passport)
Direct deposit (or void cheque)
Home insurance
Mortgage statement
Property tax bill
T4s from the past 2 years & pay stubs (salaried or hourly)
Bank statements (self-employed or retired)
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360Lending empowers families with tools for better decisions and prioritizes client care for success.
9040 Leslie St, Unit 215
Richmond Hill, Ontario, L4B 3M4
Mon-Wed9am-8pm
Thurs-Fri9am-5pm
Sat-SunClosed
