08/23/2026
On paper, this Toronto homeowner was doing fine. Good house, real equity, years of payments behind her. But every month there was a quieter number she didn’t say out loud: $60,000 in credit card debt, sitting at 22%.

Here’s what that actually looks like. At 22%, about $1,100 of every payment was disappearing into interest before the balance moved a single dollar. She was paying around $1,600 a month and watching the total barely shrink. On minimums, she was looking at 25 years — maybe more — of the same knot in her stomach.

The frustrating part? The way out was already hers. All that equity, just sitting there doing nothing while the cards did the damage.

So we moved the debt into her home equity at a fraction of the rate — roughly 6.5%. One payment instead of five. That $1,600 obligation dropped to around $450 a month.

Then came the real move: she kept paying what she was already used to paying. Same $1,600, now aimed at a low-rate balance instead of a high-rate one. At that pace, the debt clears in about three and a half years — not twenty-five.

Same house. Same income. Same monthly budget. A completely different next few years.
If your equity is sitting still while your cards keep climbing, that’s worth a conversation. No pressure, no pitch — just the numbers on your situation.

Free assessment — link in bio. 👉 equityrich.ca

Illustrative example; actual rates and results vary by qualification.

