The Ultimate Mortgage Hack — Consolidate Everything and Crush It Faster

Learn how to roll all your payments — mortgage, credit cards, car loans — into one low-interest mortgage, then pay it off faster by focusing every dollar on one goal.

The Big Idea

Instead of juggling multiple debts at different rates, imagine having one single payment — at the lowest possible interest rate — and a clear plan to become debt-free faster.

That’s the Mortgage Hack trifecta:

1. Refinance everything into one mortgage.

2. Pay less interest globally across all your borrowing.

3. Use the monthly savings to make extra principal payments.

Here’s How It Works

Let’s say you have:

• $400,000 mortgage @ 5.5%

• $20,000 credit card @ 19%

• $15,000 car loan @ 8%

By refinancing into a $435,000 mortgage @ 5.5%, you eliminate high-interest debt. Your monthly obligations drop by hundreds — sometimes more — because you’re replacing expensive short-term debt with long-term low-rate debt.

Then you re-apply those savings toward your new mortgage principal. That’s how you pay off debt faster and reduce stress.

Smart Guardrails

• Only refinance if you can stay disciplined (don’t run credit cards back up).

• Keep at least 3 months of living expenses in a savings account.

• Review the penalty for breaking your mortgage — your broker can calculate if it’s still worth it (often it is).

• Use prepayment privileges to stay on track.

Why It’s So Powerful

Most people pay down their mortgage and juggle debt at the same time. This strategy focuses every available dollar on one low-interest balance — creating momentum. You’re simplifying, saving interest, and building equity faster.

Sound right for you?

If you’re ready to see what your Mortgage Hack Strategy could look like, book a quick consultation at LaframboiseMortgage.ca. We’ll show you how to pay less interest globally — and pay off your home years sooner.