Mortgage Refinancing

Mortgages are usually the largest of debts and if you are experiencing debt issues and require debt relief, refinancing your home loan may be the best solution for you.

Frequently Asked Questions

Simply, mortgage or home loan refinancing uses the equity built up in your property to repay other high interest debts that you may have owing. This can then allow you to package up all your current monthly repayments into one convenient repayment and may have you paying less each month. This can even be an option for you if you fit into any of the following:
  • You are short-term employed or not employed long enough
  • You have an Irregular income
  • Self employed
  • Government Allowance including New Start
  • Previously bankrupt
  • Declined by another lender
  • Pensioner
  • Adverse credit history
  • Existing loan arrears or defaults
  • Limited savings history

It works by simply applying for a new loan on your current property and using this new loan to payout the current home loan as well as any other debt that you may have.

There’s many benefits to mortgage refinancing including:
  • The ability to be able to pay off your mortgage / home loan faster
  • It can extend the life of your loan making your monthly repayments smaller and more manageable
  • Potentially a lower interest rate
  • Debt consolidation of your credit card and unsecured loans at a lower interest rate making them more manageable

Home loan or mortgage refinancing is often done to consolidate credit card and personal loan debt. This is because a mortgage loan is usually available at a substantially lower interest rate than the interest rate you pay on your credit cards or personal loans.

And by doing this, you can achieve a lower interest rate and make the your monthly repayments much more manageable and convenient in one payment.

We know your financial situation is unique to you and understand that you require a solution tailored to you and your family. We’ll also ensure that you are fully informed over the entire journey.

The team at Debt Savvy have years of experience in mortgage refinancing and are here to see how we can help.

* in partnership with C Finance