The 9 Benefits Of Debt Consolidation
Consolidating debt into your home loan allows you to combine multiple smaller debts, such as credit card or personal loans, with your mortgage.
What is Debt Consolidation?
Debt consolidation offers a range of benefits to help you get on top of multiple debts. If you’re looking to consolidate debt, use our checklist to ensure you’re reaping all the benefits debt consolidation can provide.
Debt Of Consolidation
Single Loan
- Enjoy the convenience of a single repayment
- One loan = one set of fees
- Dealing with one lender can help you stay on top of repayments and debt
Lower Interest
- Pay less interest when compared to the interest payable on multiple loans
- Pay a potentially lower interest rate when compared to credit card debt
Lower Monthly Repayments
- Consolidating debt into one loan, with one set of fees and interest, can lower your monthly repayments
- Debt consolidation loans with lower interest rates can reduce what you pay
Flexibility
- Take advantage of loans with flexible repayment periods to spread your loan over a longer period and improve cash flow
Clear Financial Planning
- Budgeting is easier with one loan repayment
- Confidence to stay on top of debt without having to keep track of multiple loan repayments
Improve credit score
- Consistently making repayments on your new loan can improve your credit score
Get Out Of Debt Sooner
- Reduced interest and lower monthly repayments can help you stay on top of repayments and get out of debt sooner
Savings
- Lower interest and monthly repayments can equal big savings
- Paying off debts sooner can save you thousands
Avoid Hassle
- Say goodbye to calls from debt collectors
- Eliminate the paperwork and administration involved with multiple debts
Our expert Lending Specialists are on hand to provide you with the best solution, completely tailored to your needs. Find out your best option by Applying Online – just click below! Applying online can take as little as 15 minutes (or even less!).
Call us on 133 144 or Enquire Online
Calculator
Your Monthly Repayment
.
You Can Borrow Up To
.
Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House’s prevailing credit criteria apply. Please note that your actual fortnightly repayment would be equal to the monthly repayment amount divided by two. Weekly repayments would equal the monthly repayment amount divided by four. If you choose to pay fortnightly or weekly, your actual repayments will be higher than repayments shown on this page. You can reduce the term of your loan if you choose to make repayments fortnightly or weekly. We recommend you seek independent legal and financial advice before proceeding with any loan.
