Can I consolidate my debt if my bank already declined me?

Absolutely. Banks follow strict guidelines — if your credit score is below 680, you're self-employed, or you've had a bankruptcy or consumer proposal, they'll likely say no. But that's not the end of the road. B lenders and private lenders make decisions based on your home's equity — not your credit score alone. CreditReboot works with 50+ alternative lenders who approve borrowers every day that banks have turned down.

How much can I borrow to consolidate my debt?

We lend up to 80% of your home's current appraised value. For example: if your home is worth $700,000 and you owe $400,000, your maximum is $160,000 (80% of $700K = $560K, minus $400K owed). Many homeowners can consolidate $30,000–$150,000+ depending on their equity position.

What's the difference between a home equity loan and a consumer proposal?

A home equity loan lets you pay off your debts in full at a much lower interest rate, preserving your credit and assets. A consumer proposal settles your debts for less than you owe — but it stays on your credit bureau for 7 years and severely limits your borrowing afterward. If you have home equity, consolidation through an equity loan is almost always the better financial path.

Can I consolidate CRA tax debt with a home equity loan?

Yes — CRA debt is one of the most common reasons homeowners come to CreditReboot. CRA debt compounds at penalty rates and, if left unaddressed, can become a lien against your property. Using home equity to pay it off in full stops the interest, removes the threat of a lien, and gets you back to clean standing.

Will consolidating debt hurt my credit score?

No — it typically helps it. When you consolidate high-interest debt into a home equity loan, your credit card balances drop to zero, drastically reducing your credit utilization ratio. Within 60–90 days, most clients see their score improve. Most clients move to A-lender prime rates within 12–24 months.

What are the costs involved?

CreditReboot's consultation is always free. If we place you with a lender, typical costs include: lender fees (1–3% of the loan), legal fees for mortgage registration (usually $1,000–$2,000), and an appraisal if required (typically $350–$500). These costs are almost always rolled into the loan — nothing out-of-pocket.

How fast can I get approved and funded?

Most approvals come through in 24–72 hours. Private lenders move fastest — sometimes same-day approval with funding in 3–5 business days once legal work is complete. B lenders typically take 5–10 business days.

I'm self-employed — can I still qualify?

Yes. Self-employed borrowers are among the most common clients we work with. Banks require 2 years of T1 generals showing strong declared income — which many business owners can't provide. B lenders and private lenders use stated income or bank statement programs instead.

Should I get a home equity loan or refinance my mortgage?

It depends on your existing mortgage. A home equity loan (2nd mortgage) is faster to set up and doesn't touch your first mortgage — ideal if you have a good rate or early renewal penalties. A cash-out refinance rolls everything into one first mortgage at a lower blended rate — better if your mortgage is up for renewal.

Is a credit check required to get started?

For private lenders — usually not. Private lenders focus on the equity in your home, not your credit file. For B lenders, a credit check is standard but they're far more flexible on what they accept. CreditReboot will always tell you upfront what's required before any application is submitted — no hard pulls without your knowledge or consent.

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Mortgage Solutions that Work — Even with Bad Credit

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Are you feeling trapped by high debt?

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Struggling to get approved for funding

Overwhelmed by financial decisions

Feeling helpless after a bank decline

Feeling anxious every month about payments

Wasting valuable time on dead-end options

Unsure where to turn for help

Fear of losing your home to debt

Frustrated with 'no' answers from banks

See your potential savings

How Much Could You Save Each Month?

Consolidate high-interest debt into one lower payment with better terms.

Total Debt$60,000

Current Average Rate21.99%

Home Equity Rate6.99%

New Monthly Payment

$468

fixed, predictable

You could save

$641/mo

vs. current minimum payments

Your CreditReboot Journey to Better Rates

Right now

21.99%

High-interest debt

Minimum payments draining you every month

Month 1

6.99%

Home equity loan

One payment. Credit score starts to improve in 60–90 days

12–24 months

~4–5%

Refinance to prime lenders

Qualify for A-lender rates. The 'expensive' phase is over

The results shown are estimates only and are intended for informational purposes. Actual loan amounts, interest rates, payments, and savings may vary based on your property's equity, credit profile, income, and lender approval.

See if I qualify Have questions? 1-866-329-8801

Our Process

3 Easy Steps to Get Started

01 Apply Online

Fill out our secure digital application in minutes.

02 Review Your Options

CreditReboot presents multiple approvals — you choose the one that fits best.

03 Loan Funded!

Sign your broker and legal documents, close the deal, and get your cash.

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We Know How Overwhelming Finances Can Be

You deserve a better option.

Being declined by banks can leave you feeling helpless and anxious about your finances. At CreditReboot Mortgages, we specialize in home equity solutions tailored for homeowners like you. We understand your uncertainty and aim to help you regain financial freedom. With a streamlined process and dedicated support, you can finally take control and breathe easy knowing you’re on the right path to improving your financial standing.

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The Digital CreditReboot Process

No branch visits. No waiting in line. No unnecessary paperwork. Just a simple digital process.

Pre-Approval

Fill this form, speak to the broker, get your quote.

Application & Approval

Complete the application, we shop the deal to 50+ lenders, choose your approval.

Funding

Sign the broker documents, legal documents & get the funds!

Mortgage Solutions that Work — Even with Bad Credit