There are quite simply MASSIVE savings to be made in debt consolidations. If you are a property owner with more than one debt then this is possibly an option for you to save money.
What is a debt consolidation?
A debt consolidation is rolling multiple debts into fewer debts – down to possibly even a single debt. People with multiple debts may find the administration side of making multiple payments, dealing with different lenders and statements time consuming, frustrating and time consuming. In this case it makes a lot of sense to consider a debt consolidation.
In this day and age with the simplicity of acquiring multiple debts (think Afterpay, Zippay, credit cards, personal loans, car loans) and then down the track look at reducing costs. This is where a debt consolidation with a savvy mortgage broker can help. Debt consolidation can also be a pre emptive strategy before looking into purchasing more real estate by putting you into a more credit worthy position.
We assist borrowers to ‘tidy up their credit worthiness’ in preparation for other financing ventures such as property purchasing.
Savings to be made by consolidating debts can be as high as tens of thousands of dollars per year; depending on the scenario.
Red Hill Finance are experienced and well versed in debt consolidation. Based in Fremantle servicing clients Australia wide.