Refinance mortgage loan debt consolidating
There is a range of information available, both within Aussie's website and offline, which can help you if you're looking to refinance.
This includes tables that compare rates and products from different lenders and a range of calculators to help determine your borrowing power and repayment amounts, including Aussie's own Mortgage Calculator.
The current value of the property will be determined by an appraisal conducted by a licensed, third party appraiser.
As a refinance for debt consolidation requires you to terminate your existing contract with your lender and enter into a new mortgage, you will have to pay a mortgage break penalty.We will then show you your total interest savings potential from a consolidation and also highlight the cost of refinancing your mortgage.There are a number of ways that you can consolidate your multiple existing debts.Consolidating multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner.
By understanding how consolidating your debt benefits you, you'll be in a better position to decide if it is the right option for you.Try adjusting the terms, loan types or rate until a consolidation plan fits your needs - and most importantly your budget!