Debt Consolidation

DO YOU NEED HELP CONSOLIDATING DEBTS?

If you’re making multiple debt repayments to a number of different lenders, it’s likely you’re feeling a little stressed.

Take charge and let’s work through this together as consolidating debts might be the solution you need. We understand how finances can sometimes snowball out of control and you need a hand reeling everything back in to a more manageable level. This is where we can help.

Beyond Broking consolidate your debts and look at smart ways to utilise your home equity to help pay off the debt consolidation loan as quickly as possible.

Whilst absorbing debt into your home loan may not necessarily be the most cost-effective method long term, it may be the most strategic way to get ahead in the short term and then we can make a new plan for the future. The last thing we want to see is you struggling to make repayments and getting a bad credit rating, so act now and start taking back control of your personal finances.

Our experience means that we can deliver options to help you achieve financial freedom and effectively reduce that stress!

HOW CAN WE HELP?

Free property valuations

Utilising your home loan to consolidate debt will depend on your property’s value and available equity.

Interest rate negotiation

Based on your situation we negotiate with the lenders and make sure you get the best possible deal for your circumstance.

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Choice

With over 40 lenders to choose from we find you the most suitable interest rates with the right options.

Portfolio restructuring

The correct property portfolio structure could save you thousands. Some nifty restructuring will pay off investments faster, adding value and equity.

FAQ
SOME OF THE MOST COMMON QUESTIONS OUR CLIENTS ASK:

You could save thousands of dollars by spending a few hundred. Over time the home loan you originally signed up for may not be as competitive as what’s currently available. You may have also built up additional equity that will give you access to more options. We suggest a quick home product check to see where you are placed and if we think you can do better we will find you the right option.

You don’t have to do much at all – as we do it all for you! We start with an assessment of your financial situation, review your current loan, get a valuation completed on your existing property and submit the forms. We will manage the process on your behalf to make this as simple as possible and keep you informed as everything progresses.

Expect to spend about $700 on refinancing. This will vary depending on the lender and the type of loan you have, however it covers settlement and registration fees while application and valuation fees are typically waived by the new lender.

To use industry jargon this is Debt Consolidation and yes this is something we can help you with. Some lenders will have restrictions on what you can consolidate but it can be a great way to simplify repayments and potentially benefit from lower interest rates associated with your home loan.

Variable interest rates move up and down and are normally relative to changes in official interest rates set by the Reserve Bank of Australia. A variable rate loan is beneficial when rates are on the decline or you need flexibility in your home loan.. Fixed interest rates don’t move. You can fix your rate for a particular period of time, normally between one and five years. But it’s most beneficial when rates are on the rise or want certainty in repayments.

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