Debt consolidation includes combining existing high interest rate personal loans, hire purchases, credit card debt in to 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 early 4%, 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?