Debt Consolidation: Simplify Your Repayments & Find Cost-of-Living Relief. Tired of the Debt Juggling Act?

Are you struggling with multiple credit card payments, personal loan due dates, and high-interest rates that are stretching your monthly budget?At Ironwood Finance, we understand the stress of managing debt. Our debt consolidation service is designed to give you instant financial clarity and vital cash flow relief by simplifying your debts into one manageable payment.

• 1. Immediate Cash Flow Relief: Consolidate high-interest debts (like credit cards and personal loans) into your much lower home loan interest rate, which can significantly reduce your overall monthly payments.
• 2. Simple, Single Payment: Eliminate the confusion of juggling multiple due dates. Replace all your unsecured debts with one simple, predictable monthly repayment attached to your home loan.
• 3. Lower Interest Costs: Credit cards often charge interest rates of 15-20%+ per annum. By moving that debt to a home loan, you access a much lower, secured interest rate, meaning more of your money goes towards the principal, not interest.

How Debt Consolidation Works with Your Home Loan

Using the equity in your home to consolidate debt is a powerful financial strategy. Here is the simple process:

1. Calculate Your Debts: We work with you to total up all your high-interest debts (credit cards, personal loans, car loans, etc.) that you want to pay off.
2. The Home Loan Solution: We find a new home loan or an increase on your current loan that includes the total amount of your unsecured debts.
3. Instant Payoff: The funds from your adjusted home loan are used to pay off all those smaller, expensive debts immediately.
4. One New Payment: You are left with a single, consolidated home loan repayment, resulting in a cleaner balance sheet and greater peace of mind.

Important Note on Loan Term

While debt consolidation often results in lower monthly payments, it is important to be aware that spreading the consolidated debt over the longer term of a home loan (e.g., 25 years) may result in more interest paid over the life of the loan.

Our expert brokers will provide a full comparison, ensuring you understand the total cost savings and the long-term commitment so you can make a fully informed decision.

Ready to Simplify Your Finances?

Take the first step toward lower payments and cost-of-living relief today. Ironwood Finance is here to help you secure a better financial future.