Refinancing and consolidating your home loan and other personal debts into ONE LOAN can significantly improve your household cash flow and ease financial stress….
An example on how to save nearly $800 a month *
| OLD Debt Position |
Loan balances |
Monthly payments |
| Existing Home Loan (5.5% pa standard variable, 22 years left to run) |
$323,500 |
$2,115 |
| Existing Personal Loan |
$ 12,000 |
$ 437 |
| Existing Personal Loan |
$ 4,000 |
$ 186 |
| Credit Card |
$ 10,000 |
$ 240 |
| Credit Card |
$ 2,500 |
$ 75 |
| TOTAL |
$352,000 |
$3,053 |
| NEW Debt Position |
Loan balance |
Monthly payment |
| NEW Home Loan (5.5% pa standard variable, 22 year loan term) |
$352,000 |
$2,302 |
| TOTAL |
$352,000 |
$2,302 |
*Based on existing home worth $470,000, repayments on all loan balances being up to date at the time of refinance and their earning sufficient income to afford the new loan.
Subject to lender terms and conditions. Rates valid as at 31st January 2014
To find out how you can improve your household cash flow buy your next home, Contact Us TODAY to arrange a confidential consultation.
