Re: How much of a debt can I consolidate into my mortgage?
Posted: Fri Sep 13, 2019 7:47 pm
Hello Topeka.
Thank you for reaching out to us and welcome to the forums.
Refinancing for debt consolidation might be a good option if you're struggling with making payments. How it works is that you will be taking all your debts and rolling them into your mortgage, making it easier to manage your finances.
Depending on your situation, you might be able to borrow:
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for refinancing.
Cheers,
Thank you for reaching out to us and welcome to the forums.
Refinancing for debt consolidation might be a good option if you're struggling with making payments. How it works is that you will be taking all your debts and rolling them into your mortgage, making it easier to manage your finances.
Depending on your situation, you might be able to borrow:
- Up to 90% of the property value is you have a clean credit history and all your repayments have been paid on time.
- Up to 80% of the property value if you have missed payments, but you need to show that you have repayments have been consistent for the last 6 months.
- Up to 75% of the property value if your borrowing power is limited and you have serious credit impairment.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for refinancing.
Cheers,