Let’s face it—your mortgage isn’t the only debt you have. If you are similar to most people, you probably have a credit card balance and one or two consumer loans as well as your mortgage loan.
Although your mortgage may not be your only debt, it’s almost certainly your least expensive debt that you have. 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?
This sounds great right?
Let me show you how it works. 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!