Sandeep Boob | Debt Consolidation

Debt Consolidation

Are you managing too many debt repayments?

We understand that repayments from multiple different credit facilities, home loans and personal loans can be confusing and overwhelming.

Depending on the value of your home, you may be able to consider bundling your existing debts and home loans into one using the equity available on your home.

By bundling your debts into one, you will only have to manage your repayments from one facility and you also may be able to save on interest as interest rates on home loans are generally less than interest rates on credit cards and personal loans.

If you are currently feeling overwhelmed and want to see if we can help alleviate some financial stress, book in a time today to speak with us.

Debt Consolidation

Are you managing too many debt repayments?

We understand that repayments from multiple different credit facilities, home loans and personal loans can be confusing and overwhelming.

Depending on the value of your home, you may be able to consider bundling your existing debts and home loans into one using the equity available on your home.

By bundling your debts into your one, you will only have to manage your repayments from one facility and you also may be able to save on interest as interest rates on home loans are generally less than interest rates on credit cards and personal loans.

If you are currently feeling overwhelmed and want to see if we can help alleviate some financial stress, book in a time today to speak with us.

Case Study

Ned has 3 credit cards - $5,500, $6,000 & $9,000 with an interest rate of 22.49% and a personal loan of $20,000 with an interest rate of 12%.

Ned also has a home that is valued at $550,000 and he currently has a mortgage on this property of $200,000 at an interest rate of 3.60%.

At 80% Loan to Value ratio, Ned has equity available of $240,000, of which he can use $40,500 to pay-out and close his personal loan and credit cards.

By borrowing an extra $40,500, bringing his home loan to $240,500, Ned can close off his credit cards and personal loans and have just the one repayment to manage, being his home loan.

Case Study

Ned has 3 credit cards - $5,500, $6,000 & $9,000 with an interest rate of 22.49% and a personal loan of $20,000 with an interest rate of 12%.

Ned also has a home that is valued at $550,000 and he currently has a mortgage on this property of $200,000 at an interest rate of 3.60%.

At 80% Loan to Value ratio, Ned has equity available of $240,000, of which he can use $40,500 to pay-out and close his personal loan and credit cards.

By borrowing an extra $40,500, bringing his home loan to $240,500, Ned can close off his credit cards and personal loans and have just the one repayment to manage, being his home loan.