Looking for a Debt Consolidation? We can help.
Is It the Right Choice for You?
Debt consolidation is a wise financial decision for those who wish to manage their debts more effectively. Borrowers may find it easier to make payments and even see a reduction in their total interest costs by combining debts with higher interest rates into a single account with a lower interest rate. In any event, it’s critical to consider each person’s particular requirements and circumstances when determining whether debt consolidation is the best option.
There are a lot of factors to consider, including interest rates, loan repayment terms, and cancellation fees. Consolidating your debt can result in lower monthly interest payments and overall debt management that is easier to manage. One loan account can be used to consolidate debts such as credit card debt, personal loans, bills, and auto loans. This simplifies their financial responsibilities and may ultimately result in cost savings.
A Tailored Approach to Lending
Our lending service prioritises understanding you over processing your home loan application. We ask meaningful questions to get to know you and find out why your credit report has discrepancies. This personalised approach lets us make informed decisions and tailor an interest rate to your unique financial situation.
We consider property goals, income, and financial details when determining loan amount. We aim to meet your needs and help you get a loan that meets your goals. By focusing on your needs, we aim to make lending supportive and accommodating.
Understanding Your Unique Financial Story - Smooth Home Loans
Don’t let debt overwhelm you—explore your options for debt consolidation and get expert advice on how to streamline your finances and achieve financial stability. Contact us now to find out how debt consolidation can work for you!
If it improves your financial situation, you can combine various debts into your mortgage, including credit card debt, personal loans, and automobile loans. However, make sure to review the features and limitations of your loan product, as some may limit the number of debts you can consolidate.
When seeking a debt consolidation loan, it is important to note that the process will include a rigors examination of your credit report, which will be documented. Therefore, it is advisable to only proceed with the application if you possess a high level of certainty regarding your likelihood of approval.
To prove your identity, you can use either an Australian passport or an international passport that shows a valid Australian permanent residency visa.
For proving your deposit, you may need to provide various documents based on the source of your funds, such as:
- Three months of bank statements showing genuine savings
- Share certificates or dividend statements from public listed companies
- Gift letters for non-repayable gifts from family
- Contract of sale or settlement statements for proceeds from the sale of another property
Make sure to check the specific requirements for your situation to ensure a smooth process.
We offer financing up to 95% of the purchase price, so you can start buying a house once you’ve saved at least 5%. Note that you’ll need extra funds for loan fees, stamp duty, and other charges, as these are not covered by the home loan.
If you are able to fully repay your debt within a period of six months to one year, debt consolidation may not be required. If you are struggling to handle multiple substantial debts, a debt consolidation plan may be a beneficial alternative to contemplate.
Why choose Smooth Home Loans?
Australian based
Seek support from our friendly Australian-based lending specialists.
Flexible options
Exploring offset savings or extra repayments? Our diverse loan features fit your needs.
Low interest rates
As an online lender with lower overheads, we pass on savings to you, our customers.