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 led to people overcommitting themselves financially and putting a strain on their family budget. What may start as an interest-free store credit can easily evolve into numerous credit cards, payday loans, personal loans and leases.
These unsecured debt repayments can be a huge financial burden and make it difficult to afford basic expenses such as petrol and groceries, and perhaps your mortgage repayments. The stress caused by 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 these 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 creditors to reduce your overall unsecured debt amount, then including this in your new Debtstroyer Home Loan and 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.