Pegasus Mortgage & Financial Solutions
When you are in debt, it seems like whatever the amount of money you owe is just too much. It can
become overwhelming and you may begin to wonder if a debt consolidation program could help you.
Take a minute and ask yourself these questions:
Are you struggling to keep up with minimum payments?
Are your interest rates rising continuously?
Do your debts keep you awake at night?
If you answered yes to any of these questions and you feel like your bills are spiralling out of control,
then a debt consolidation program may be the best option for you.
Consolidating your debt into a single low-interest monthly payment can save you thousands of dollars and
speed the process of paying off debts. As a bonus, over a period of time you can improve your credit.
Debt consolidation is considered by many experts as the first step in the process of debt elimination and
the prelude to improving your money management skills.
Sample Debt Consolidation
Line of Credit
Line of Credit $ ‐
Credit Cards $ ‐
Your Monthly Savings
This example is for illustration purposes only and it was based on the following assumptions: Before
mortgage rate of 5.39% calculated semi-annually based on 35 year amortization; Bank loan 8% rate
and payments spread over 5 year term; Line of credit and credit card payments equal to 3% of
outstanding balances. After mortgage rate of 3.59% calculated semi-annually amortized over 30 years,
insured at 2% with one time insurance premium.