Consolidating your debts...
Life is too short – take the pressure off.
Get away from paying those higher credit card, personal loan and finance company interest rates by combining all your loans into one low interest rate simply by using the equity in your property.
If you have two or more various loans, credit cards etc, you should talk with one of our friendly, experienced team members at BAYSIDE HOME LOANS, about consolidating them and reducing your monthly repayments.
Here’s how we helped one couple to dramatically improve their lifestyle.
Ric and Dee are both very hard and honest workers. However due to some unforseen events found themselves in a difficult financial situation, with numerous expensive debts and high monthly repayments, as follow:
| Debt | Amount | Interest Rate | Monthly Repayment |
|---|---|---|---|
| Home Loan | $158,000.00 | 9.5% | $1530.00 |
| Credit Card | $5000.00 | 27.5% | $390.00 |
| Credit Card | $1800.00 | 18.25% | $55.00 |
| Store Card | $1500.00 | 21.9% | $40.00 |
| Personal Loan | $12,000.00 | 14.5% | $200.00 |
| TOTAL | $178,300.00 | $2,215.00 |
Dee was really keen on being able to complete some necessary home improvements, as well as reducing their monthly repayments. So we conducted our research and were successful in consolidating all their loans, plus provided an extra $6,500.00 for home improvements and reduced their monthly repayments by a “whopping” $817.00 per month. See table below for more details.
| Debt | Amount | Interest Rate | Monthly Repayment |
|---|---|---|---|
| Home Loan | $188,000.00 | 6.47% | $1398.00 |
| TOTAL REDUCTION ACHIEVED | $817.00 |
Client Testimonial
The service was very personal nothing was too much trouble. Chris did not hesitate in traveling to the Sunshine Coast to discuss our requirements.
A Special thank you to Mell who is always so friendly and helpful.
We consolidated our loans, credit cards etc. saving approximately $600 per month.
T Bignall
Lake Macdonald
