Statistics show that Australian household debt is at record levels. And
many people are paying more interest than they need to on their debt.
What this means is that it can be difficult, cost a lot more and take
a lot longer to reduce the amount owing.

If you have debts – especially those with very high interest rates
such as credit cards or personal loans – it can be very wise move
to consolidate them into one loan at a lower overall interest rate. This
has the twin benefits of saving you money and making it easier to track
(and control) how much you owe.

When it comes to consolidating your debts there are a range of options
available. Which one is the most appropriate for you depends on your individual
circumstances.

Working through all the options and taking everything into account can
be reasonably complex, but very rewarding. This is where the knowledge
and experience of your Mortgage Consultant can be invaluable. They’ll
look at your total situation and work with you to explain all your options
and the advantages and risks associated with each. Then they’ll
ensure you get the full benefits from the loan of your choice.