Consolidating debt | Mortgage Broker Karalee, Lowood & Laidley

Debt consolidation can help reduce the stress of multiple smaller debts and interest rates. It can be an important tool in achieving greater financial stability and future growth. As your local Mortgage Broker in Karalee and Lowood, I can provide personalised advice on whether debt consolidation will be beneficial to you.

What is debt consolidation?

Debt consolidation is when you roll multiple credit card debt, pay-later debt, car loans or other smaller debts into one personal loan. Essentially, the loan will pay off your other debts so you're left with just one to manage and pay off. A larger loan will give you access to lower interest rates and better features. That means a larger proportion of your repayments will go towards the loan amount, rather than just paying off interest.

Say, for example, you have two different credit cards with debts of $5,000 and $3,500 each, and a car loan with a remaining amount of $12,000. Each of these debts will likely have a different interest rate, repayment amounts and due date, making it both expensive and challenging to stay on top of them all.

Here's how I can help with debt consolidation

I'm passionate about debt consolidation because I have seen how it helps people gain control over their finances and work effectively toward paying off their debts. As your local Mortgage Broker in Karalee and Lowood, I can help you consolidate your debts by:

• Putting together an accurate review of your current finances and debts. This is a scary (but important) step towards taking control!
• Finding a personal loan or home loan with a lower interest rate that will allow you to pay off your other debts and simply manage one low-rate loan. I have access to 30 lenders including the big banks, so there are lots of loans to choose from.
• Doing all the legwork for your loan application, from shopping around for a suitable loan option to putting together the application and liaising with the lender.

Let's get going on your next property 

I'm passionate about helping my clients save money through debt consolidation. As a mobile broker, I can come to you across Karalee, Lowood, Laidley and across the Gold Coast. 

Contact Emma MacGillivray on 0432 396 507 or book an appointment below.

Call: 0432 396 507  Book an appointment