My father is considering debt consolidation. We bought a new home before 5 years and my father was not able to pay off the loan since now.
We have to do some maintenance work in our home and need to buy a reliable family vehicle but we have no sufficient funds to do it. Our current debt is about $30,000. So, we are thinking about of debt consolidation mortgage in Ontario would be a good option to pay off all our debts. But we are not sure whether we are moving to the right path. Can someone please advise on this?