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Debt Consolidation – AustraliaThe best place to start your home loan search What is Debt Consolidation?Debt Consolidation can lower monthly loan repayments for borrowers with multiple loans.A typical borrower in Australia is often needing to consolidate their mortgage, credit card debt, store cards, personal loan and car finance into one loan. Consumers looking to consolidate debt comprise 11% of all finance applications in Australia. If you have equity in your own property to borrow against it may be possible to use debt consolidation to reduce your collective payments by as much as 50%. The key is to have sufficient equity in your home to cover the additional borrowings. It is this equity that provides your lender with security over the extra loans being folded into your mortgage. For people lacking in financial discipline, debt consolidation is only part of the solution to their problems. The root cause of the initial problem also needs to be addressed (see below) or debt can still spiral out of control. |
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Std Variable Rate Loan Basic Variable Rate Loan Fixed Interest Loan Split Loan – Australia Home Equity Loan Debt Consolidation Loan Low Doc Loan – Australia Non-conforming Loan Line of Credit – Australia Interest Only Loan Reverse Mortgage – Australia Construction Loan Renovation Loan Refinancing – Australia Home Loan Resources Mortgage Broker – Australia Debt Consolidation Online  |
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The best place to start your home loan search The Tomorrow Finance provide a Free Home Loan Quote service for Australian home owners and real estate investors. Ask them for a Free Quote on a Home Loan or Investment Property Loan.
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