Let’s face it—your mortgage isn’t the only debt you have. If you’re like most people, you probably also have a credit card balance and one or two consumer loans.
But while your mortgage may not be your only debt, it’s almost certainly your least expensive debt.
So why not consider taking out a home equity loan, paying off your other debts and ending up with a single monthly payment at a much lower interest rate?
Here’s an example of how using a home loan Debt Consolidation can help you save money each month. To find out more – Chat with us now, or apply online
Example (before remortgaging)
Below is scenario after renewing your mortgage and paying off those debts.
|Unsecured Line||Paid Off||$0.00|
|Credit Cards/Loans||Paid Off||$0.00|
The above scenarios are showing that you would save $891 per month. That means you are saving $10,692 per year. In 5 years your net saving is $53,460. Providing most of the debts are paid off!