Debt consolidation means grouping all the personal debts a customer may have into a single loan, by using a mortgage on his or her house to improve payment amounts and cash flow.
In addition, this type of loan can be used for other personal purposes such as your children's education, business capitalization, building a pool, a covered patio, the trip you have always dreamed about, etc. Your home represents a major asset that can help you achieve your personal goals.
Scotiabank can finance all these plans by using the customers' permanent residence as collateral for the loan.
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