👉 THIS IS .. STEP 3 - Build a new structure to pay off debt faster, at a lower interest rate.
In this typical scenario, consolidating the example Car Loan, Personal Loan, Credit Card, Store Card and AfterPay/Zippay can significantly save monthly cashflow, allowing the entire home loan to be paid off saving $400,000 and 16 years.
STEP 1 - Identify the level of cash flowing to debts
STEP 2 - Confirm rates and repayments
STEP 3 - Build a new structure to pay off debt faster, at a lower interest rate
STEP 4 - Commit to stop using small (normally higher-interest) facilities!
There's more technical bits to it, like equity, credit history, borrowing power and lender policies - but an awesome mortgage broker should be able to tell you in about 15 minutes if this is positive solution for your situation and finance advice needs.
🔜 NEXT UP: STEP 4 - The Commitment!
Truly's advice, financial services and property strategies are complimentary. We do this for the best interests of our clients and we relentlessly strive to serve as the best mortgage brokers with uncommon excellence!
James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0449 659 029
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
Dragan Disljenkovic. BD & Relationship Manager ☎️ 0422 435 900
Credit Representative Numbers 521733, 550284 & 547037 are authorised under Australian Credit Licence 389328
