Debt-consolidation
Consolidate your debt and have more money to do the things that you love.
It may be cheaper for you to consolidate all your debts with your home loan, enabling you to pay off your debts quicker as well as reducing your overall financial commitments. A careful analysis of your finances can determine whether refinancing is recommended in your case.
There are many reasons why you should switch or consolidate debt into one easy-to-manage home loan. These include:
The simplicity of one easy to manage repayment at a home loan rate
Reduce monthly repayments and lower the overall interest that you are paying
Close other loan facilities such as credit cards, store cards or personal loans which may be at high-interest rates
See the example below to view the benefits of Debt Consolidation:
You can choose to separate the short-term debt portion of your consolidated loan and set it over a shorter loan term (for example - 10 years). This will ensure that the short-term debt portion of the loan is paid prior to your original home loan. This will allow you to pay less interest over the term of the loan.
The above example is a guide only, please contact our broker experts us to arrange a meeting to discuss your needs as a full application assessment of your financial situation and requirements and objectives will be required to determine your eligibility.