Refinance your mortgage to access the equity. When your new Debstroyer Home Loan settles you can pay off existing debts, renovate or start a business!
Over the last 10 years, it has become easier to successfully apply for loans, which has lead to people over committing themselves financially and putting a strain on their family budget. What might have started as an interest free store credit could have easily evolved into numerous credit cards, payday loans, personal loans and leases.
These unsecured debt repayments might now be a huge financial burden, making it difficult to afford even the most basic expenses, such as petrol and groceries, and perhaps even your mortgage repayments. The stress caused from financial difficulties can impact your relationships, career and even your health.
By refinancing your mortgage, you can access the equity in your home loan to pay off your unsecured debts in a debt settlement – eliminating your unsecured debts and leaving you with one mortgage repayment.
You may even have funding left over to renovate, start a business or pay for a wedding!
A dedicated lending manager will assess your overall financial situation by looking at your current position, credit history and financial habits to determine the best way forward.
Your specialist will then suggest a plan of action based on their findings. This may involve negotiating with your unsecured creditors to reduce your overall unsecured debt amount then including this in your new Debtstroyer Home Loan totally eliminating the debt.This could save you thousands in reduced loan repayments and make your refinanced mortgage more affordable.
Once the negotiation process is complete, we will complete any documentation required for the application and stay with your through the entire process. It is our aim to provide a complete financial solution to people who are struggling with their finances.
We will not only help you get a loan. but improve your finances, improve your cash flow and help you get back on financial track before debt gets out of control.