We offer Debt Consolidation solutions that can help you leverage the often-lower interest rates available through home lending to simplify and reduce your debts. By using the equity in your home, you can consolidate high-interest debts like credit cards and personal loans into a single, more manageable loan with potentially much lower interest rates. Home loans often come with much lower rates compared to credit cards and personal loans, which means you can reduce your monthly payments and save money in the long run.

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For example, if you have $50,000 in credit card debt at a 20% interest rate and $30,000 in personal loans at 12%, consolidating these debts through a cash-out against your current home loan or refinancing could save you significantly on interest payments.

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However, it's important to approach this strategy with a plan. While consolidating your debt into your mortgage can offer financial relief, extending the repayment term to 30 years and making just the minimum repayment can increase the total interest paid overtime. To truly benefit from this switch, aim to repay the debt consolidation portion as quickly as possible. By doing so, you take full advantage of the lower interest rates while minimizing the total interest paid.

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Our goal is to help you understand your options and create a strategy that aligns with your financial goals. With access to over 30 lenders and a wide range of loan products, we provide expert guidance to ensure you select a solution that optimises your savings and supports your long-term financial health.

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Get in touch today to discuss how consolidating your debts with home equity can streamline your finances and help you achieve your debt-free goals faster!