$60k at 22%.
Your house says hi.
That same $60k pulled from your home equity at HELOC prime + 0.5 costs $375/month in interest instead of $1,100. $725/month back in your pocket. Same debt. Different math.
- ✓ Free side-by-side: current vs consolidated
- ✓ Break-even month on any penalty (if a full refi)
- ✓ HELOC add-on option (no penalty, collateral-charge lenders)
28 files closed in the last 90 days · FSRA-licensed
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Regulated · Pineapple Financial
28+
refi files closed in the last 90 days
$725
avg monthly cash flow freed on last 28 refis
4–6 yr
shaved off debt payoff timeline
22% → 7.5%
APR drop on consolidated debt
Sources & Methodology
~22% — typical Canadian credit card APR range (19.99%–24.99%) — the baseline the refi payout math compares against.
Source: Financial Consumer Agency of Canada — Credit card interest rates ·
80% LTV — the maximum loan-to-value for a Canadian refinance — the ceiling that determines how much equity you can actually access.
Source: OSFI Guideline B-20 — LTV limits ·
$725/mo — average monthly cash flow freed on IndiBrick's last 28 refi + debt consolidation files (Ontario, 2025 vintage).
Source: IndiBrick internal file review, 2025 vintage ·
The Only Math That Matters
Same $60k. Two prices.
Today · Credit Cards @ 22%
$1,100
per month · interest only, no principal
Tomorrow · HELOC Prime + 0.5
$375
per month · interest only
You keep
$725/mo
$8,700/year back in your pocket. Same debt. Different math.
Two ways to unlock the math
You don't always need a full refi
Option 1
HELOC add-on
If your existing mortgage is with a collateral-charge lender (RBC, TD, Scotia, Tangerine), we can register a HELOC alongside it. No penalty. Your existing mortgage stays exactly where it is.
- ✓ No mortgage penalty
- ✓ Interest-only payments available
- ✓ Draw as needed, pay back anytime
Option 2
Full refinance
If you have a monoline mortgage, or you want to lock a new lower rate on the whole balance, we run the break-even math. If the penalty pays back inside 12–18 months, it's usually worth it.
- ✓ Fold all debt into one payment
- ✓ Extend amortization to lower monthly
- ✓ B-lender bridge if A-lender says no
The plan tells you which option nets more, given your actual balance, penalty type (IRD vs 3-month interest), and existing lender.
Show us a lower rate we're eligible to fund — we match it or tell you honestly why we can't.
- Bring us a written rate quote from any A- or B-lender your file qualifies at.
- If we can source the same or lower rate through our 45+ lender panel, we match it.
- If we can't, you get a written explanation of why (product mismatch, penalty structure, LTV, etc.) — not a sales pitch.
Rates depend on file qualification. Match applies to like-for-like products (same term, amortization, insurability, prepayment terms). No obligation and no fee for the review.
Personally reviewed by
Vikas Sharma
Broker · Part of Dream Home + Life
I personally review every complex approvals, declined files, self-employed and respond within 1 business day.
Questions you probably have
Won't consolidating just push my debt out longer?+
It can if you re-amortize a $60k credit card balance over 25 years — bad idea. The plan we send always shows a "target payoff" schedule that matches or beats your current timeline, using the freed-up monthly cash to hit the balance faster.
What about the mortgage penalty?+
The plan shows the break-even month explicitly. If your current mortgage is fixed with a monoline, IRD penalties can be brutal — but sometimes still net positive once we factor in the consolidated interest savings. Sometimes not. You'll see the actual numbers.
Do I qualify?+
For a HELOC add-on: usually 65% loan-to-value combined. For a full refi with debt consolidation: up to 80% LTV. If you're higher-LTV or bruised credit, B-lender pricing exists — the plan tells you which lane you're in.
What if my current mortgage is variable?+
Variable penalties are typically just 3 months' interest — much cheaper to break than fixed. Debt consolidation refis usually pencil out cleaner on variable files.
How is this different from a bank's debt consolidation loan?+
A bank unsecured consolidation loan is typically 9–14% and unsecured. Home equity is 7–9% and secured. The bank's "debt help" is usually more expensive than doing the same thing through a broker with an actual mortgage instrument.
Your house is doing more work than you think.
Twenty-four hours from now you'll know exactly how much cash flow you can pull back — with a plan you can show your accountant.
Show Me My Refi Payout →FSRA-licensed · No credit pull · 24-hour delivery