Debt consolidation through refinancing can be a sensible solution if you are experiencing financial difficulty. It is often more manageable to pay one monthly payment at a reduced interest rather than numerous facilities at various rates.
When deciding whether to go ahead with this method of debt consolidation, you should be aware of the areas to check before proceeding:
Debt consolidation is beneficial in helping improve financial stability, and with the assistance of an advisory professional, a workable solution is achievable. At SR Group, we see many individuals in financial distress, and our Dynamic Debt Consolidation service can settle our client's debts at significantly reduced amounts. We work at negotiating a discounted lump sum settlement with our client's creditors using funds accessed via refinancing an existing mortgage(s).
Here's a scenario demonstrating our Dynamic Debt Consolidation process and the positive outcome achieved.
*Loan to Value ratio (LVR) is the amount of your loan compared to the value of your property. LVR is calculated by dividing the amount of the loan by the value of the property. For example, if the property is worth $250,000 and you have a deposit of $50,000, the LVR will be 80%.
If you would like to find out more or discuss your situation, please call one of our team on (02) 8304 9302 or visit SR Group.
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