Consolidate Your Debts and Save
Debt consolidation loan is a way to refinance all your current loans into one. By doing so you are aiming to reduce your total monthly outgoings on loan repayments, freeing up your cash reserves and reducing your living costs.
Generally this would involve the consolidation of all debts into your home loan, the benefit of which is a much lower interest rate than standard personal or other types of loans. You are also taking the debt out over a much longer period of time which has a greater effect on reducing your monthly expenditure.
If your concerned about extending the debt out to a longer period, simply continue to make the same repayments you were and take advantage of the lower interest rate.
Please call or email Miracle Home Loans on 1300 645 888