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Mortgage Refinancing Sydney, Free Yourself From Debt Australia, Debt Consolidation, Debt Agreements, Home Loans, Bankruptcy, Personal Debt, Solutions, Refinance, Debt Relief, Eliminate Your Debts, Melbourne, Brisbane, Perth, Adelaide Australia
At Free Yourself From Debt Melbourne, we help you repay debt
through mortgage refinancing and debt consolidation. For many in dire debt situations,
this is a smart financial decision.
A mortgage refinance is where you pay off your first mortgage by taking out a second. Despite sounding like a parody of fancy financing, this is actually the most renown and respected way to pay off your home loan faster.
Free Yourself From Debt is a highly experienced and professional negotiator of mortgage refinancing, and we consistently have great success at securing deals with banks that save you a lot of money. These are the financial benefits that mortgage financing can bring you:
If you have had a bad experience with your lender, then mortgage refinancing gives you the chance to switch to another bank or other financial institution. We understand that in many cases, debt collectors can be highly pressuring, even aggressive when demanding payment. We will guide you towards the best creditor to switch to if another one can offer you a better home loan deal.
Creditors, banks and lending institutions often offer you benefits for switching to them or staying with them when undertaking mortgage refinancing. They want to be your creditor, because it’s their source of revenue, so they will offer you incentives to go with them. These include, asides from lower interest rates: a rest period before your next payment is due, flexible payment terms, a lowered debt amount, lenient penalty rates and more.
One of the main reasons that people in debt opt for mortgage refinancing is lower interest rates. It sounds unbelievable but you are virtually assured a lower interest rate when undertaking mortgage refinancing as according to the process whereby you of course have a choice of whether to accept an offer from a lending institution.
We at Free Yourself From Debt negotiate personally with your creditor and other lending institutions to get you the best deals. It is then up to you (with guidance from us), which home loan deal you wish to take. Whichever has the lowest interest rates, and the best benefits. You may get a nice surprise when you calculate how much money you will save over the course of the loan with your new lower interest rate, and how much sooner it will be until it is all repaid.
Lower interest rates mean paying off your home loan faster. Essentially, this means buying more and more of your house, and the more you ‘buy’, the more financial security and stability you will have.
Banks and other lending institutions consider your ‘equity’ when deciding if you are financially viable (whether you are likely enough to repay a loan, if they lend it to you). The more of your home that you have purchased, the more equity that you have. That is, the more assets and less liabilities. The ability to get another loan if you need one, i.e. for unexpected expenses, losses of income and emergencies is one of the keys to financial security.
We are greatly in support of mortgage refinancing because we’ve seen it work to reduce people’s debt and improve their lives so many times. But we are a professional mortgage refinancing agency that pursues top results, so we always tell people when refinancing wouldn’t be their best option. Then again, there are very many cases where refinancing does make financial sense, and we recommend it to people in these cases because it can help them greatly.
When refinancing Can help you greatly:
When refinancing can help you less or not at all:
Free Yourself From Debt provides another key debt reduction service that can be accessed at the same time as mortgage refinancing: debt consolidation. For those eligible, this combination really is the ultimate debt solution. Debt consolidation works like this:
Debt consolidation is where you take out a loan to pay off your other loans. It’s like mortgage refinancing but it has the added effect of combining any amount of debts into one single debt. Not only does this have the convenience of only one bill and one payment date per month, but it actually lowers the interest rates and even the gross amount of your debt. Lending institutions and banks reward you for consolidating your debt because they appreciate the certainty that you will be able to pay back your debt if a respectable institution like Free Yourself From Debt has given you this opportunity and this guidance. We negotiate with creditors to secure the best debt consolidation deal for you.
Debt consolidation can benefit many people who are struggling under the weight of multiple debts. Too many people don’t even realise that they can access lower interest rates overall and only have to pay one bill per month by consolidating their debts.
But, the thing you have to consider, in deciding whether debt consolidation along with mortgage refinancing is right for you is:
This will increase the amount in your mortgage, so if you consistently miss payments, you may actually end up paying more than you would have through interest rates. The key is budgeting, which we will help you with of course, but it is up to you to follow the manageable, easy-to-follow budget that we create with you.
We at Free Yourself From Debt know that managing debt can be hard. Not just in terms of cutting spending, but by having to manage your finances and make complicated multivariate decisions about things that most of us don’t have a degree in. Well that’s ok, because that’s our speciality. Free Yourself From Debt has all the expertise to get you the best deal on your mortgage refinancing or debt consolidation. This includes the largest debt reduction, the lowest interest rate and the most extra benefits.
Think about how your life could change if you were just given some debt relief. Call Free Yourself From Debt today to find out more about our mortgage refinancing service and debt solutions on (02) 9011 7919.
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