Debt Consolidation includes combining existing high-interest-rate debts such as personal loan,
hire purchase, credit card debt, into a single low-interest loan from the bank.
Some of the private lenders charge interest rates from 10 – 25%. At times this means bulk of your monthly repayment is just going towards paying the interest rather than reducing your debt. This leads to debt spiralling out of control.
With home loan rates currently as low as 3.5%, you could get ahead financially by rolling higher-interest debt – such as personal loans or credit cards – into your home loan. This also takes away the need to manage multiple repayments and tracking individual debts. Pay off debt sooner and escape skyrocketing interest by rolling debt into your mortgage. We can assist you with the process and make sure you get the best possible interest rate. Our services are completely FREE, so what do you have to lose?
Drop us a line or call us to book a free appointment to review your mortgage and explore savings options.
Or you might want to see how much you might be able to borrow for an additional property you want to buy. This is a free no obligation service with no strings attached.
Did You Know?
On a $500,000 mortgage, an additional $100 per month payment could possibly save you over $30,000 in interest cost over the life of your loan term*? That is $30,000 of your hard earned money and as they say ‘money saved is money earned’.
*This is an approximate calculation based on $500,000 loan at 4.2% over 30 year loan term.