Consolidate your debts by refinancing your home loan

Credit card debt, personal loans, car loans, store cards all affect your financial life.  It is easy to find yourself falling into financial trouble if you are not careful.  High interest rates can explode and put you in serious trouble.  Debt Consolidation is the first step to eliminating those debts fast.

Debt consolidation is the rolling up debt into a single financial package.  Several home loan products are available that allow you to roll up your debt. Refinancing can help you manage your debts easily, pay a lower rate and reduce your paperwork.  APD Lending Services can help you refinance your home loan to incorporate your other existing debts and help you find your feet again.

The Minimum Criteria for Refinancing for Debt Consolidation are:

• You must own a property or have an existing mortgage on a property
• You must have at least 10% equity in your home

With the refinancing products available on the market, you will be only be able to roll up your debt if your existing mortgage and your debt to be consolidated don’t exceed 90% of your property value.

For example, if you have a property with a value of $300,000, your debt threshold is $270,000.  So, if you owe $250,000 on your mortgage, you are able to incorporate $20,000 of other debt into your home loan.

Tony at APD Lending Services will help you get the best refinancing deal for your circumstances if you meet the lending criteria. Make a preliminary application today to see if we can help you refinance your mortgage.