Debt Consolidation | Mortgage Broker in Melton South, Fraser Rise & Aintree
Debt consolidation can be a great tool for minimising interest and making your life easier. But, it's important to get independent advice! As your local Mortgage Broker in Melton South, I will help you explore your debt consolidation options and show you the benefits and costs of your decision in the long-term. I'm here to help you put you back in control of your finances.
What is debt consolidation?
Debt consolidation is the process of bundling multiple loans into one single loan. People do this to save on interest and make their finances a bit easier to manage. If you have multiple loans like a personal loan, car loan or credit card debt, consolidating them into one low-rate loan could be your first step to taking control of your finances.
What are the benefits?
- Lower interest rates: Smaller debts carry higher interest rates: with some credit cards charging up to 20%! Compare that to the interest rates for larger loans, like a personal loan or your home loan: by bundling your smaller loans into one large you could pay much less in interest. You could put the savings towards paying off your debts sooner.
- Easier to manage: There's a lot to be said for making your life a bit easier. With multiple debts, there are different repayments to remember, as well as the threat of late fees. Consolidating your debts will help you streamline your finances and create a single, easy-to-manage debt account and make one monthly (or fortnightly) repayment.
- Avoiding multiple account fees and lenders: Once your debt has been combined into one single loan, you can avoid the fees that come with having multiple open loan accounts and only deal with one lender.
- Free up cash flow: With a lower interest rate comes improved cash flow which you can then use to pay off your debt faster or invest elsewhere.
Your lending expert in Melton South
Hi, I'm Mitul - your local Mortgage Broker in Melton South. I'm passionate about debt consolidation and the freedom it can offer anyone who has found themselves with a few extra loans. Let's get started!
Find out more about MitulHow I can help - your local Melton South Mortgage Broker
As a Mortgage Broker in Melton South, I'm passionate about helping everyday Australians take more control of their finances and keep more money in their pocket.
- Our first step is to sit down and review your debts, income and budget. I will then suggest some consolidation loan options from over 35 lenders to give you a few effective, competitive loans to choose from.
- Once you give me the go-ahead, I then manage all the administration for your new loan and discharge from your other lenders.
- And of course, my loan service is free for anyone looking for support. I get paid a commission by the lender you choose when your new loan settles with them.
Your first step on the journey
I'm passionate about helping clients achieve their own financial goals - with all starts with taking control of their money.
As a mobile Mortgage Broker, I can chat by phone or video. Alternatively, I can meet with you in person throughout Melton South, Melton, Fraser Rise, Aintree and right across Victoria. I'm proud to offer advice in English, Hindi or Gujarati.
Call Mitul Patel on 0490 753 020 or request a call back below.
Call: 0490 753 020 Request a call back
