For Alberta homeowners with too much income going to debt
You work hard for your money.Keep more of it.
- Mortgage
- Visa
- Mastercard
- Fairstone
- Car loans
- Lines of credit
Everybody gets paid.
And sometimes there's almost nothing left for you.
If you're an Alberta homeowner with equity, there may be a better way to structure your debt. One that cuts the number of payments you're juggling, improves your monthly cash flow, and gives you room to start saving again.
Free. No credit check. Instant access.
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Chad MooreMortgage Associate, Canada Mortgage Direct
- Licensed since 2009arranging mortgages in Alberta
- 90 five-star Google reviewsfrom past clients
- Canada Mortgage Directlicensed mortgage brokerage
You may not have an income problem. You may have a structure problem.
You can make good money and still feel broke every payday.
Not because of one enormous expense. Because of all of them.
$700 here. $300 there. $450 somewhere else.
Mortgage. Vehicles. Credit cards. Loans. Individually, every payment seemed manageable. Together, they can swallow your paycheque.
And when there's nothing left over, the credit card starts filling the gap.
Pay it down.
Use it again.
Pay it down.
Use it again.
That's not breathing room.That's a cycle.
Sometimes the answer isn't earning more. It's changing how much of what you already earn has to go out every month.
Your home may already hold part of the solution.
If you have enough equity and you otherwise qualify, moving expensive debt into your mortgage could change what goes out every month. Depending on your situation, that may mean:
- Fewer monthly payments
- Less money going to high-interest debt each month
- Better monthly cash flow
- Room to start building savings again
All mortgages are subject to qualification and lender approval. Results depend on your home's value, your debts and your situation.
You're not just moving debt. You're creating margin.
Paying out the debt isn't the goal. Staying out is.
I don't want to help you pay off your credit cards only to watch them slowly fill back up.
The goal is to use the breathing room we create to build a stronger household.
Build savings. Pay down what's left. Stop leaning on available credit every time life happens.
Create margin, and keep it.
Getting out of debt is an event.
Staying out is a system.
What does breathing room feel like?
Don't take my word for it. Here's what Alberta homeowners I've worked with have said.
wattpuppyGoogle reviewChad Moore was very good for us. He helped us get through the struggles we had. It was a little bit intense, but it worked out fine, and we were on our way to a better life from the damage we took on for many years. Saturated with but yes, they rescued us and got us out of this mess we were in. Hopefully we will feel the better weight off our shoulders and the pressure off, which I'm beginning to feel already.
Yes, I will recommend them. They are probably the best in Alberta, I would say. One of the best anyways, that's for sure. I would recommend these guys, Chad and Gailen. Yeah, these are a good team, a good team for you. Pick them!
John KanimbaGoogle reviewI would like to take this opportunity to sincerely thank you for your exceptional support and guidance throughout the refinancing of our mortgage.
From the very beginning, your professionalism, patience, and dedication made the entire process much easier for us. We truly appreciated the time you took to clearly explain every step, answer all of our questions, and keep us informed throughout the process. Your prompt follow-up, attention to detail, and commitment to ensuring everything was completed successfully gave us great confidence and peace of mind.
Thanks to your hard work and expertise, our mortgage refinance was completed successfully, and I'm truly grateful for all the effort you invested on our behalf.
It has been a pleasure working with both of you, and we will not hesitate to recommend your services to anyone looking for knowledgeable, reliable, and dedicated mortgage professionals.
Thank you once again for your outstanding service. I sincerely appreciate everything you have done for my family.
Alicia HillGoogle reviewChad and his team are amazing! They were my hail Mary and worked so hard. Declined by 2 banks, certain no one would lend to me and they pulled through for me! The banks never gave me any feedback for their refusals so I thought it was me. Turns out my there were other factors and they just had to find the right lender! I was scared to be optimistic but the team encouraged me to just keep my head up! I am so happy with the service, prompt communication and dedication to my file.
Thank you is not enough!
Alicia
Same income. Different structure.
Here's what happened when one Alberta homeowner stopped looking at each payment on its own, and started looking at what all of them were doing to monthly cash flow.
Before
| Mortgage ($270,000) | $2,175 / mo |
| Credit cards ($14,500) | $414 / mo |
| Line of credit ($35,000) | $350 / mo |
| Car loan ($12,000) | $682 / mo |
| Finance company loan ($15,000) | $350 / mo |
| 5 payments total | $3,971 / mo |
After
| New mortgage, debts and refinance costs included | $1,913 / mo |
| Credit cards | Paid out |
| Line of credit | Paid out |
| Car loan | Paid out |
| Finance company loan | Paid out |
| 1 payment total | $1,913 / mo |
in their cash flow.
That's $24,696 a year of potential breathing room.
On our follow-up calls, we put part of that $2,058 to work, paying the mortgage down faster or starting to invest, so 30 years doesn't stay 30 years.
The trade-off, up front: Real, funded Alberta client file, shared anonymously with permission. The new mortgage includes $5,553 in legal, appraisal and prepayment penalty costs. Amortization went from 22 to 30 years. A longer amortization can mean more total interest unless part of the monthly savings goes back onto the mortgage. Property tax arrears, Canada Revenue Agency debt and consumer proposals can often be paid out with home equity, subject to lender approval. Results depend on your home equity, credit and lender approval.
So what happens to the extra cash flow?
This is where most debt consolidation marketing ends. Mine doesn't.
The extra monthly cash flow isn't permission to spend more. It needs a job.
Build the cushion
Start building cash savings, so the next furnace, vehicle repair, job interruption or surprise bill doesn't automatically land on a credit card.
Attack what's left
If expensive debt remains, put margin toward eliminating it.
Build forward
Once the household is more stable, start focusing on longer-term goals.
The real win isn't just making today's payments smaller.
It's making your household harder to hurt.
General information only, not personalized financial or investment advice.
Find your gap.
No appointment needed. See how it worked for someone else, then see what it could look like for you.
Get instant access
Enter your name, email and phone. The case study and calculator open right away.
See how it worked
Walk through the full before-and-after file: every debt, every cost and the trade-offs.
Run your own numbers
Enter your home value, mortgage and debts in my equity calculator and see what your monthly cash flow could look like.
If it looks worth pursuing, we'll talk. If not, you'll know that too.
Is this worth looking at?
It may be if...
- You own a home in Alberta
- You're carrying credit cards, lines of credit, loans or other expensive monthly payments
- You have equity in your home
- You're making the payments, but you're tired of watching so much of your income disappear every month
- You want the debt gone, not just moved around
Not sure?
That's what the calculator is for. You don't need to have it figured out first.
Run my numbersStraight answers
I'm not here to sell you a payment. I'm here to help you make a decision.
What happens after I fill in the form?
You get instant access to the full case study and my home equity calculator. Run your numbers as many times as you like. If the results look worth a closer look, reach out, or I may follow up to see if you have questions. No pressure either way.
Will I pay more interest overall?
Possibly.
A lower monthly payment can come from spreading debt over a longer period, which can increase the total interest you pay. That's why monthly savings shouldn't be looked at by themselves.
We'll look at both: what changes today, and what it could cost over time. Then you decide whether the trade-off makes sense.
What does it cost to refinance?
Usually legal fees, an appraisal, and possibly a penalty for breaking your current mortgage early. You'll see every cost before you decide anything. In many cases they can be rolled into the new mortgage, which is also something to weigh.
I'm making all my payments. Is this really for me?
It can be. You don't have to be behind to have a structure problem. Many of the homeowners I talk to are paying every bill on time and still have very little left at the end of the month.
Will this affect my credit?
A mortgage application includes a credit check. Paying off credit card and line of credit balances lowers how much of your available credit you're using, which is one factor in your score, but no one can promise a specific change.
How do you get paid?
In most cases the lender pays me a commission, so there's no cost to you for my service. If your situation needs a lender that requires a broker fee, I'll tell you upfront, in writing, before you commit to anything.
What is Canada Mortgage Direct?
Canada Mortgage Direct is the licensed mortgage brokerage I'm registered with. Weststone Mortgage is my brand, and every mortgage I arrange is done through Canada Mortgage Direct.
What if I don't qualify?
The calculator gives you an estimate, not an approval. If your numbers look promising, I'll check them properly. If you don't qualify, I'll tell you why and what would need to change. Sometimes the right answer is to wait and look again later.
About Chad
I don't disappear after your mortgage closes.
I'm Chad Moore. I've been licensed in Alberta since 2009, and arranging mortgages full-time since 2011.
I help people pay out debt and stay out of it, because I've personally struggled with bills and income. I know what it feels like when the money is gone before the month is.
Here's what I do differently: once your new mortgage is in place, I host accountability meetings to help you stay on track.
Paying out the debt is the easy part. Staying out takes a system of new habits, and it helps to have someone in your corner while you build them. Anyone can do it.
Let's Run Your Numbers.
See what your home equity could do before you talk to anyone.
Enter your home value, your mortgage balance and your debts. You'll see how much equity you may be able to use, and what your monthly payments could look like if your expensive debt were rolled into your mortgage.
Takes a few minutes. Run it as many times as you like.
No credit check.
No obligation.
Just the numbers.
Calculator results are estimates, not a mortgage approval.
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