Home Loans
Debt Consolidation
Rolling high-interest debts into your home loan can cut the total interest dramatically and simplify your repayments into one. It also has trade-offs worth understanding first.
Credit cards, personal loans and car finance typically carry interest rates several times higher than a home loan. Consolidating them into your mortgage can reduce what you pay each month and, over time, the total interest bill — because you're replacing expensive debt with cheaper debt.
There's an important catch. Spreading short-term debt over a 30-year loan lowers the monthly repayment but can increase the total interest paid if you don't maintain your repayments at the original level. We'll show you both numbers side by side so the trade-off is visible rather than assumed.
We also look at whether restructuring is genuinely the right move, or whether a rate reduction or a different product would serve you better. Sometimes consolidation is the answer; sometimes it isn't.
What we look after for you
Mapping your current debts, rates and balances
Modelling the real before-and-after interest cost
Structuring the loan so you're not worse off long term
Handling the payout of existing facilities at settlement
Talk to a broker about this
Every situation is different. Tell us what you're trying to do and we'll come back with a straight answer — free, and with no obligation.