Debt Consolidation Can Help!
- Potentially Lower Your Interest Rates: Move high-interest debts into one affordable loan.
- Simplify Your Finances: Make one easy repayment instead of juggling multiple.
- Improve Cash Flow: Reduce monthly repayments to free up cash.
- Rebuild Your Credit Over Time: On-time repayments can help improve your financial standing, though short-term impacts may vary.
- Reduce the Risk of Late Fees and Penalties: Stay on track with a single, manageable repayment.
- Reduce financial stress: Managing multiple debts is overwhelming. A home loan consolidation gives you one clear repayment to focus on.
- Turn your debt into an opportunity: Instead of struggling with high-interest loans, use refinancing to regain control of your finances.
At Home Loan Experts, we’ve helped thousands of homeowners simplify their finances through refinancing. If you’re struggling with multiple repayments, we can help you combine your debts into one simple home loan payment.
Even if you have bad credit, our experts can work with you to find the right solution and help you get back on track.
Do You Qualify For Refinancing To Consolidate Debt?
Refinancing your mortgage to consolidate debt depends on several factors. Lenders typically assess your repayment history, existing debts, and financial position to determine if you qualify.
What Lenders Look For:
- On-time home loan repayments for the past six months.
- On-time credit card and personal loan repayments for the past three months.
- No missed repayments with the bank you’re applying with.
- A strong financial position to show that you can comfortably afford repayments.
- Stable employment history to demonstrate income reliability.
- A good credit history or a clear explanation for any past issues.
- Proof that you can manage debts responsibly in the future.
Important Considerations:
Debt consolidation may help lower repayments, but extending your loan term could mean paying more interest over time. Eligibility depends on factors like home equity and credit history. Speak to our experts to see if it’s right for you.
Don’t believe us? hear from our customers
Big shout out to Robert Mo (broker) and Samir Awale (loan processing specialist) who assisted my wife and I redraw some equity in our existing loan to consolidate credit card debt and pay for minor home renovations. I’m a third time repeat customer and I absolutely recommend Home Loan Experts
Home Owner with no Mortgage – Debt Consolidation, using Home Equity. This was a long process due to my husband’s identity unfortunately being stolen! However the staff went above and beyond! Everyone involved was most thorough, professional and patient. Everyone was very eloquent and professional. Thankyou
I contacted Preeti at Home Loan Experts to see if they could help me obtain a loan against my home to consolidate my debts. Preeti made the application a smooth process, and was always upfront with any potential obstacles, and was in constant contact with updates of the the loan progress.
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Debt Consolidation Solutions For You
Take control of your finances with expert guidance in three steps.
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Start with a Free Assessment
Complete our quick, free assessment form to see if you qualify for refinancing. Prefer to talk? Call 1300 889 743 to speak with a specialist now.
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We Understand Your Situation
A dedicated expert will assess your financial situation, discuss your options, and guide you toward debt consolidation options that fit your needs, even if you have bad credit.
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Secure the Right Loan for You
We’ll find the right refinancing solution for you, consolidating multiple high-interest debts into one manageable home loan, helping you lower your overall repayments and regain financial stability.