Debt Consolidation
Are your monthly repayments giving you the horrors? Do you dread the phone ringing in case it's a bank or debt collection agency calling you about arrears?
Get rid of high interest rate credit cards and personal loans by rolling these debts into one of our low interest rate home loans. Reduce your payments, or pay the same amount you are paying now and cut years off your home loan.
Everyone's circumstances are different, but the main thing is that we are here to listen and are able to advise and assist.
This pretty typical example comes from one of our clients, who had:
- Home loan of $150,000 @ 9.37% with a bank = $1300 pm (25yrs)
- His credit card owing $5000 @18% = $150 pm
- Her credit card owing $3000 @27% = $90 pm
- Joint credit card owing $2000 @18% = $60 pm
- Car loan for $40,000 @ 13% = $910 pm (5yr term)
- Total Repayments = $2510 pm! A big chunk of that is just high interest!
We gave our client the following Debt Consolidation options!
- Loan amount $200,000 @ 8.75% (CR 8.79%)
- Reduces payment to only $1573 pm!
- Or pay $2510pm into home loan and cut mortgage to only 10 years!
In this scenario our client has a massive $937 per month of freed-up income!!
Now isn't that a saving worth making?
Find out just how much money Debt Consolidation with Nationwest can save You - Contact Nationwest!
