Mortgages generally qualify as good debt: they are usually available at the lowest possible rates, they represent a good investment in a (generally) appreciating asset, and they make home ownership possible. Bad debt saddles you with high interest rates - often on depreciating assets. High credit card debt is one of the worst, and afflicts most Canadians at some point in their financial lives. But if you have equity in your home, then you have an opportunity to turn bad debt to good debt - by refinancing and rolling high-interest debt into your mortgage for big interest savings. A mortgage planner can talk to you about refinancing at any time.

Rates are still near record lows. If you'd like to have a conversation about refinancing your debt, talk to a professional?
Find a Mortgage Planner.

Explore some scenarios using our Refinance Interest Savings Calculator. Determine how much interest you can save if you refinance your mortgage.

Get more information from the Mortgage Planning Centre.