Debt Consolidation:
Debt consolidation could be an option if you’re considering refinancing your existing home loan. This may allow you to combine other loans such as credit cards, store cards or other personal loans to include in your refinancing to reduce your monthly commitments.
It is important to understand that although you may pay a significantly reduced interest rate on your consolidated debt, when refinancing you may pay more over time, as your home loan period will normally be over a longer term.
It is therefore important to calculate and consider this before you make a decision. An alternative option to consider for debt consolidation could be a personal loan. We will discuss these financial options with you to guide and assist you in determining the best financial method to consolidate your debt.
Perth Finance Brokers can assist you to refinance your existing home loan and debt consolidation, with access to the major banks and non-bank lenders we will go to work for you to find the loan that is affordable and suits your needs and objectives.
Call now for more information or access to our free personal service. We can come to you home or office if preferred.