Consolidating your debts | Mortgage Choice Clarkson WA

Life moves quickly and you might have accumulated a few smaller debts. Consolidating your debts into one easy-to-manage loan with a low rate can be a great way to save money - and make your life easier!

What is debt consolidation?

Consolidating your debt is the process of rolling your smaller 'bad' debts into one larger loan. While it might sound like you're just moving your debt around, a larger loan can mean lower interest rates and better features!

When you have a larger loan, banks and lenders are more likely to give you some of the better offers they have available. It can also mean that your debt is moved to a quality lender, like your everyday bank, making it easier to manage and eliminating any confusion. 

Consolidating your debt into your home loan

If you have a home loan, you might consider consolidating your smaller debts into your home loan. That means increasing your home loan amount, allowing you to pay off your smaller debts and utilise the low interest rate you likely have on your home loan.

You will also benefit from things like your offset account and other great features which are only available with a home loan. However, it's important that you don't make the mistake of adding decades to the repayment of your smaller debts, just because they now sit in your home loan.

Use the lower interest rates to pay them off faster and strategise with our mortgage broker Clarkson to get your whole home loan paid off sooner.

How much does a Mortgage Broker cost?

You might be surprised to learn that our broker service comes at no cost to you. 

Your home loan is not loaded with any extra costs because you used a broker, the rate will be the same, if not better than if you went direct to the lender.

We Do All The Hard Work

From comparing home loan options to preparing the paperwork and supporting you through to settlement, your mortgage broker does all the running around.

 

Get in touch If you’re considering Consolidating your smaller debt into your home loan, with Mortgage Choice in Clarkson for northern suburbs WA on 94079881 or mandy.dickerson@mortgagechoice.com.au, you can also book an appointment on this website.

We’d love to help you secure a better deal.