- Pre-approval in as little as 24 hours
- Credit scores 650 and below welcome
- Licensed Ontario mortgage brokers — FSN #13301
- No hidden fees — straightforward advice you can trust
Peterborough
East City
Kawartha Heights
Ontario
Marko Bodiroga
Debt Consolidation
Debt consolidation combines multiple high‑interest debts, such as credit cards, personal loans and lines of credit, into a single loan with a lower interest rate. The goal is to reduce monthly payments, simplify budgeting and potentially improve credit scores by paying down debt more efficiently.
Lighthouse Lending reviews the client’s income, credit history and debt obligations to determine whether a consolidation loan, mortgage refinance, or second mortgage is the best option. We then work with lenders to secure a loan that reduces the total interest burden and frees up cash flow for savings or investments. Throughout the process we educate you on budgeting strategies to prevent future debt issues.
Debt Consolidation
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We move quickly so you don't lose momentum on your financial goals.
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Credit challenges don't disqualify you. We've seen every situation and helped through it.
Our volume gives us access to preferred rates banks simply can't match.
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While requirements vary by loan type, we work with buyers with scores as low as 580 for FHA loans. Conventional loans typically require 620+.
In Ontario, the minimum down payment is 5% for homes up to $500,000, 5% on the first $500,000 and 10% on the portion above that up to $1.5 million, and 20% for homes over $1.5 million, with mortgage insurance required if you put down less than 20%.
Mortgage rates change frequently based on market conditions, but in Canada, most borrowers are currently seeing approximately 3.8%–5.5% for fixed rates and around 3.3%–4.5% for variable rates, depending on the lender, term, and your financial profile.
The mortgage process typically takes 1 to 4 weeks, depending on factors like document submission, lender approval times, and the complexity of your application.
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