Consolidate your debts

Updated 10 Aug 2020

You could also use the equity you have in your home to consolidate your short-term, high-interest debts into a refinance home loan. For example, if you have enough equity in your home to release $20,000 by refinancing, you could use the cash to repay expensive credit card debt or pay off a car loan. A debt consolidation loan or credit card balance transfer are alternatives to this.

As seen on

Media - The Sydney Morning Herald
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