The valuable equity that you may already have in your home can be used to consolidate high interest credit card debts. Consolidating your credit card debt into a new, low interest-rate mortgage will save you 10-12% on interest changes.

Prime means "best," and this is the rate that banks charge their absolute best customers for loans. Changes in the prime rate influence changes in other rates, including variable interest rate mortgages. This rate fluctuates based on economic conditions. CanEquity Mortgage has interest rates starting at Prime less 1.00%!