Why you'd refinance

Most people refinance for one of the following reasons:

1. You want to renovate your home

2. You want to pay off debts quicker and cheaper by rolling them into your home loan

3. You want to get a cheaper rate, even if it means giving up a few loan features

4. You want to raise cash for a purchase

5. You have money earning interest and you want a home loan that will apply that money to your loan - an "all-in-one" account

6. You are currently paying a high interest rate - for instance, if you arranged a low-start, rising-rate loan from your homebuilder

7. You want to switch from a fixed rate to a variable rate, perhaps because you can accept the risk of higher repayments

8. You want to switch from a variable rate to a fixed rate, perhaps because you need the certainty that your repayments will stay the same for the next three years

9. You currently have home loan arrears
    

What is Debt Consolidation ?

Debt Consolidation is the replacing of existing loans that you may have with different lenders with a single loan with one lender.

The objective is to reduce your monthly payments by spreading out the combined loan over a longer period of time and reducing the interest rate being paid.


Debt Control

Are you experiencing excessive repayments for car loans, personal loans and credit cards, pay day loans because the interest rates are so high ? Dreamloans can advise customers on debt consolidation by having all your loans as one as therefore reducing your monthly repayments

Dreamloans can advise customers on debt consolidation methods that can roll your home loan, car loan, credit cards, personal loans into one.

Even if you have impaired credit, debt consolidation can be done and this is an area of expertise for Dreamloans.


Consider an "all in one" debt consolidation home loan.

Significant savings can be achieved by the consolidation of your finances under the one umbrella. Home loan rates are generally lower than those of credit cards, personal loans, car loans or overdrafts.