Debt Consolidation
Debt consolidation can be worthwhile in that it can take all your mortgage repayments, credit cards, car loan and store cards and compact them into one home loan.
Most mortgage refinancing is done to reduce the stress of having to meet lots of high interest credit repayments every month. If the equity in your home permits, we can consolidate all your loans into a single loan with one monthly repayment. Any equity in your home can be released for a range of purposes not just debt consolidation (eg. Renovations, car purchase, school fees, business capital etc). This will give you the debt relief you are looking for.
If you are behind in your mortgage repayments or you are struggling with other debts and the credit card is on its limit, then the one option may be refinancing. If you're struggling to keep everything up to date it can pay to refinance sooner than later, as your credit rating may become impaired. Even if you have a poor credit rating we can assist with mortgage refinancing.
The cost of refinancing your mortgage varies from lender to lender and state to state. In most cases, the costs are deducted from the loan amount at settlement. This means that you do not have to outlay any money upfront.
