Debt Consolidation

If you have several credit cards, personal loans or asset loans you may be paying quite a high interest rate on these relative to your home loan. It is often cheaper to payout these facilties with funds from your home loan as the interest rate for residential lending is usually one of the lowest rates in the market.

You can save thousands of dollars restructuring your debt, and due to the interst you save you should be able to pay down this debt faster!

Its important when consolidating debt to evaluate the overall cost vs benefit. Your Lime Mortgage Broker can assist you in making an informed choice.

Its important to note that you generally need to show 3 to 6 months of good conduct on a facility that you want to pay out wtih equity. Most lenders will want to see preceding 6 monhts worth of statements to verify your conduct.
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