Debt consolidation
Combine credit cards, personal loans, car loans and buy now pay later into your home loan at a much lower rate, structured the right way. Your Sydney mortgage broker, 35+ lenders. $0 cost.
A consolidation loan folds your credit cards, personal loans and car loans into your mortgage at a much lower rate, so you make one repayment instead of many. The lender pays the old debts out at settlement. We compare 35+ lenders at $0 cost to you.
The saving comes from the rate gap. A card above 20% against a home loan rate is a big difference on the same balance. The catch is the term, so we set the consolidated debt up as a separate split with a shorter one.
The monthly saving is real, but the term matters. Rolling short-term debt into a 30-year mortgage cuts the monthly payment yet can cost far more over time. A shorter split is usually the smarter structure.
| How you handle the debt | Monthly repayment | Total interest on the $50,000 |
|---|---|---|
| Your debts as they are (mixed rates) | ~$1,500 | High, and barely reducing |
| Rolled into a 30-year mortgage | ~$300 | ~$58,000 |
| A 5-year split at your home loan rate | ~$965 | ~$8,000 |
Illustration only, at an example home loan rate, for $50,000 of mixed consumer debt. Your figures depend on your balances, rates, and term. The point is that a lower monthly repayment can hide a much larger total interest bill, which is why we usually set consolidated debt up as a separate split with a shorter term. Use our repayment calculator or book a free consult for your real numbers.
It suits homeowners with enough equity to stay at or below 80% of their property value, a few higher-rate debts, and income that comfortably covers the new repayment. The monthly relief can be significant.
One thing to be clear on: unsecured debts like credit cards become secured against your home. We only recommend it when your income comfortably supports the repayments and the total cost works in your favour.
The aim is to fold the expensive, hard-to-shift debts into your home loan at a lower rate.
A personal loan keeps the debt off your mortgage and suits smaller amounts, at a higher rate over a shorter term. A top up or separate split uses your equity for the lowest rate, with a short term to keep the payoff on track. A refinance does both at once, clearing the debts and sharpening your home loan rate.
We compare them on total cost, not just the monthly figure, and pre-assess your file so we only lodge where approval is likely. That keeps needless enquiries off your credit report.
The structure is where the value is. These are the things we get right so consolidating actually leaves you ahead.
Honest answers to the questions homeowners ask us about consolidating debt.
We compare 35+ lenders, structure your consolidation the right way, show you the real total cost, and only recommend it when it leaves you better off. $0 cost.
MFAA member. 10+ years lending experience.
Explore the guides and services that pair with a consolidation.
Debt consolidation home loan specialists helping homeowners across 220+ Sydney suburbs and Australia wide. Meet our team. Service regions: Sydney CBD, Sydney Central, Eastern Suburbs, Northern Beaches, North Shore, Inner West, Sutherland Shire, Hills District, St George, Canterbury-Bankstown, Western Sydney, Penrith.
