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Debt Consolidation Loans

Why Consider Debt Consolidation Loans?

Why Consider Debt Consolidation Loans? We Offer An Amazing Wide Array Of Debt Consolidation Loans!

If meeting your monthly bills is a challenge, or even downright stressing you out…Our Mortgage Options can help you regain a more peaceful existence.

Lowering or getting out of debt can be one of the greatest feelings in the world!

When you don’t have to stress out about covering your bills each month…it can truly feel like the weight of the world is off your shoulders!

Debt consolidation involves combining your unsecured debts or liabilities under one new loan that can pay down or pay off your higher interest debts.

With the right debt consolidation loan…you may see benefits such as:

  • A lower interest rate than you’re paying now!
  • A more favourable fixed interest rate!
  • Potential lower monthly payments!
  • Improving your credit score!
  • Having fewer loans and payments to keep track of!

Sounds pretty good don’t you think?

A debt consolidation loan could be the ideal financial tool for managing debts such as:

  • HELP and HECS debt,
  • Credit cards,
  • Personal/unsecured loans.

Things to Consider Before Committing to Debt Consolidation Loan

1. There are no quick fixes when it comes to loans

Even though your goal might be to get out of debt as quickly as possible, there are rarely quick fixes when it comes to dealing with debt. There are, unfortunately, a number of companies that prey on vulnerable people.  If it sounds too good to be true, it usually is. It’s vitally important that you deal with a company that’s reputable and trustworthy.

At Our Mortgage Options, we will develop a solution that’s right for you, not a solution that pays us the highest commission!

It’s in your best interest to understand the legal implications of loan contracts and what your long-term commitments will be. We make sure that we explain the information to you in everyday language so you understand exactly what you’re getting into BEFORE you take action.

2. Is a Debt Consolidation loan right for you?

There are as many ways out of debt as into it, and consolidating your debt is just one strategy which can work well in the right circumstances. But it’s not always the right solution.

We will prepare a client needs analysis and do the research on all the loan products you could qualify for, run the numbers and see if we can find you a solution that improves your cash flow and streamlines your payments without compromising your long-term financial outlook.

3. Is refinancing your home the way to do consolidate your debts?

Often people consider refinancing their home loan to pay off credit card and consumer debts as the most logical step. Pay off your consumer debt, consolidate your loans into one payment, and have more money left over at the end of the month.

Unfortunately, that plan is not always the best choice. Consolidating your debts into your home loan can certainly improve your cash-flow in the short term. But you must also consider the long-term consequences and costs. 

4. What is the Best Way to Consolidate Debt?

The first step is to have one of our experts analyze your financial situation in detail. We’ll look at your debts, other expenses, income sources and your financial objectives.

We then review the current products and policies offered by our panel of 49 lenders. If we feel that there are one or more solutions that will be of genuine benefit to you, we’ll provide you with our recommendations. 

We explain all the pros and cons in plain English, and if you want to proceed, we’ll help collating and preparing all the documentation and submitting your application.

All for free! 

5. How much money can I save each month with a Debt Consolidation loan?

Honestly, we don’t know until we sit down with you and review you entire financial situation.

At no cost, with no obligation.

You see, there’s no way to provide an answer to this very good question without analyzing all the facts about your specific finances.

We would need to review items such as:

  • Tax returns
  • Debts
  • Mortgages
  • Income
  • Savings
  • Investments
  • And any other financial details

Once we review all this with you and discuss your personal goals and concerns…we can provide you with accurate information on exactly what we can do or not do. And how much you may be able to refinance and how much lower your monthly payments could be!  

Want to find out how much you might be able to save?

Call or click on the contact us link below.

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So, are you finally ready to work with a Broker you can Trust?

Alex Sperling - Finance/Mortgage Broker

Alex Sperling - Finance/Mortgage Broker

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