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Debt Consolidation If you have enough equity in your home you can consolidate all your personal debt into your home loan and put money back in your pocket where it belongs.
Many of our clients have found themselves hundreds of dollars a week better off after consolidating their debts and in most cases we found them a better home loan as well! You wouldn’t believe the difference it can make. Look at this simple chart below, you can see the savings made in a typical before & after scenario.
The $ figures below are the repayment amounts per month on the loans prior to and after the debt consolidation.
How much could you put back in your pocket?
Debt Consolidation can be a little painful sometimes as many banks and lenders will only allow you to consolidate a maximum of 4 debts into your home loan. The good news is that many others will allow you consolidate as many as you like. The trick is finding the right lender to suit your personal situation, something we can do in just a few minutes.
The key to successful debt consolidation is to make sure that the credit cards and personal loans and other debts are paid out in full and closed. As the whole idea of debt consolidation is to make sure you are better off financially over the long term, not worse off. So if you are going to consolidate your debts talk to Revive Home Loans first and make sure you get the right advice.
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