Homeowners With Debt Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Vlad Sherbatov
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Four questions checked against Homeowners With Debt's published criteria, per product. No application started.
The name is the criteria: you need to own a home, and you need to have debt. An applicant without debt has nothing for the product to do.
Having debt is written into the eligibility list alongside owning the home. That is the whole design. The product consolidates what you owe against the equity, and a clean balance sheet leaves it nothing to work with.
Every document on the list belongs to the property. Mortgage statements, the tax statement, the insurance, the PAD form. Income supports repayment, but the house is what the file is about.
2 reviews from borrowers who used Homeowners With Debt. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.
Josh and has team helped me get rid of a bunch of debt?
I had a great time working with Josh. He is super knowledgeable and helped me tremendously when I was in debt a bunch.
Homeowners With Debt provides free, unbiased debt consultations for homeowners.
They review your full financial picture including mortgage, home equity, credit cards, loans, and income. Then they explain all of your legal and financial options so you can choose the best path forward.
They do not sell loans or file proposals themselves. They match you with the right professional based on what actually benefits you.
Homeowners With Debt is for homeowners who are carrying credit cards, lines of credit, personal loans, or collections and are starting to feel the strain of rising interest and growing balances. It is designed for people who are worried about cash flow, stressed about their monthly payments, or unsure how long they can keep things going as they are. Homeowners With Debt helps people who want to stay in control, protect their property, and find a smarter, more sustainable way forward.
They review every option that exists for homeowners, including 0 percent interest consumer proposals, home equity loans and refinancing, lump-sum debt settlement, mortgage restructuring, and even selling or downsizing when that makes the most financial sense.
If you qualify for a home equity loan or refinance, the amount you can borrow depends on your home’s value, your existing mortgage balance, your income, and your overall credit profile. Most lenders allow homeowners to borrow up to 80 percent of their home’s value, including their current mortgage, and the exact amount is calculated during your consultation.
Home equity loans and refinances usually carry much lower rates than credit cards and unsecured loans.
While credit cards often charge 19 to 29 percent, home equity rates are typically closer to mortgage rates, which means thousands of dollars saved over time.
Consumer proposals carry 0 percent interest but come with long-term credit and equity consequences that must be carefully considered.
Your consultant will walk you through real numbers for your situation.
Home equity solutions are often structured over five or ten years, or in some cases added into your existing mortgage amortization. Consumer proposals typically run for up to five years, while debt settlement is usually paid as a lump sum or over a short period of time.
You may qualify if you own a home, have unsecured debts such as credit cards, lines of credit, or personal loans, and have some level of income to support repayment. You do not need perfect credit, as many of the available options are specifically designed for people with bruised or damaged credit.
To review your options, you may be asked to provide a recent mortgage statement, a property tax bill or home value estimate, a list of your debts, and proof of income. No paperwork is required for the initial consultation.
Home equity loans and refinances can often be completed in two to four weeks once documents are submitted.
Debt settlements can sometimes be negotiated within days.
Consumer proposals are typically filed within a week after paperwork is completed.
The timeline depends on the option you choose.
If you qualify for a home equity loan, funds are usually paid directly to creditors or deposited into your account to pay off balances.
Debt settlements are paid to creditors through the settlement company.
Consumer proposal payments are made monthly to the licensed insolvency trustee.
Yes. The consultation is completely free.
Homeowners With Debt is paid by the professionals they refer you to, not by you. That allows them to give advice without charging you or selling you a product.
A free, private consultation.
They will review your situation, explain every option, and help you decide what makes the most sense for you.
