DEBT CONSOLIDATION 

Reduce Your Monthly Repayments, Fast!

Debt consolidation means taking out a new loan to pay off all the existing ones. Essentially many debts are all wrapped into a single larger debt. The goal is to secure a lower rate across all the debts and hence reduce the monthly repayments.

The most common way of doing this is where you already have a mortgage on a property, and perhaps some other personal debts, like credit card, car, or personal loans; and may even require some amount of cash to fund an additional need.
By combining all the loans together, you secure all the debt against the property, and you get a mortgage rate and hence reduce your monthly outgoings.

N

ADVANTAGES

  1. Can significantly reduce monthly repayments
  2. Can fund additional expenditure
  3. Can also be available for people with poor credit
  4. Simplify debts into one easy repayment
M

DISADVANTAGES

  1. Can lengthen the life of short-term debt and thus incur more interest over the long term 
  2. May not be available unless equity is present in a property. May require, in some cases, LMI to be paid if LVR of refinance exceeds 80%
  3. May require refinance fees and costs in order to refinance all debts
{

CLIENT STORY

INCREASED CASH FLOW AND COMPLETELY DEBT FREE IN 8 YEARS

Dr. Anderton is a consultant doctor in VIC. He had a mortgage for approximately $420,000 on a $1.2m valued property. Despite very good income, he was consistently late with repayments on a number of different loans he had.

Aside from the mortgage repayments ($3,300 pm), he had a Credit Card ($1,140 pm), a business loan ($3,200 pm), a car loan ($620 pm), a personal loan ($560 pm) and a Business Line of Credit ($1,005 pm) to cover Business Activity Statement (BAS) and staff Superannuation.

In total, he was paying $9,415 per month and regularly having to make late payments. Quite often the problem is not the actual debt, but the sheer number of different loans. It’s difficult trying to keep track of so many distinct repayments on different dates.

We refinanced the entire debt into a new mortgage loan of $600,000 plus an additional Line of credit for his business for $30,000 to enable him to keep on top of ad hoc expenses and BAS debt every quarter.

His monthly repayments have gone down from $11,714 per month to $3,686, given him $30,000 extra funding for his business, and has immediately reduced his mortgage term by 3 years.

 What Dr. Anderton was able to do was reduce his monthly outgoings by $8,028 per month AND reduce his mortgage term by 3 years.

He is keen to pay off his mortgage so with the $8,000 savings, by dedicating only half of this ($4,000 extra per month) he will have his entire mortgage paid off in less than 8 years!!

TESTIMONIALS

READ WHAT THEY SAY ABOUT US

GOOD KNOWLEDGE OF THE MARKET

⭐️⭐️⭐️⭐️⭐️

Service, responsiveness, knowledge of the market. I couldn't recommend Gordon enough.

David P., Sydney, NSW

 

ALWAYS AVAILABLE

⭐️⭐️⭐️⭐️⭐️

After speaking with two banks and two separate mortgage brokers, I was feeling at a loss. Then Gordon was referred by a client of mine. After our first conversation, I felt great and extremely positive about obtaining a mortgage loan from the bank. Gordon came up with many loan options and an abundance of information. Gordon found the loan which worked best for us and now we have our dream house. Maybe even our forever home. I highly recommend Gordon and will continue to use his services myself.

Christopher K., Sydney, NSW

 

KNOWLEDGE AND ATTENTION TO DETAIL

⭐️⭐️⭐️⭐️⭐️

Massive thanks to Gordon for his knowledge and attention to detail. I highly recommend AMC.

Ryan A., Sunshine Coast, QLD

AMAZING SERVICE

⭐️⭐️⭐️⭐️⭐️

Gordon is great at what he does and provides amazing service. Highly recommended!

Bud P., Sunshine Coast, QLD

SO HELPFUL...

⭐️⭐️⭐️⭐️⭐️

Gordon... WOW!! So helpful with any questions I throw his way. Thank you for all your help, I will send everyone your way

Hayley M., Sunshine Coast, QLD

 

COULDN'T RECOMMEND GORDON ENOUGH!

⭐️⭐️⭐️⭐️⭐️

 

Gordon was diligent each step of the way; from finding a mortgage package to suit my situation, all the way up to closing the sale. He was available and happy to answer my questions. Have been recommending his service to friends since.

Tara H., Melbourne, VIC

 

GENUINE INDEPENDENT ADVICE

⭐️⭐️⭐️⭐️⭐️

Thank you for all your help with everything - you were fantastic! I didn't know there were so many options available and so few people able to give genuinely independence advice. Looking forward to working with you again on an investment property strategy.

Lucy M., Sydney, NSW

 

HONEST, PROFESSIONAL & FRIENDLY

⭐️⭐️⭐️⭐️⭐️

You don't find many honest, professional, friendly finance guys concentrating on service these days. Gordon is one of the one "percenters" for sure. Highly recommended.

Terry G., Sydney, NSW

 

EXPERTISE AND PROFESSIONALISM

⭐️⭐️⭐️⭐️⭐️

I recently purchased a property through my SMSF. Thanks to Australian Mortgage Corporation and Gordon for expertise and professionalism at every level. I bought a property I never thought possible.

Mark B., Sydney, NSW

 

SAVED ME MONEY & TIME

⭐️⭐️⭐️⭐️⭐️

I highly recommend working with Australian Mortgage Corporation if you’re considering a home, investment, or car loan. Australian Mortgage Corporation saved me a lot of money, guesswork, and runaround by letting them take care of the whole process.

Oggi Y., Sydney, NSW

 

 

KEEP REPEATING WHAT YOU DO!

⭐️⭐️⭐️⭐️⭐️

We would like to say that we are speechless but rather we are thankful so much for your kindness today and all your work throughout the process. It could not have come at a better time. Congratulations on your achievements, this excellence is a result of not an act, but a habit, so keep repeating what you do.

Ben & Grace L., Sydney, NSW

 

LOOKS OUT FOR HIS CLIENTS

⭐️⭐️⭐️⭐️⭐️

We were introduced to Gordon through a friend a few years back. We have used Gordon's services on a number of occasions for our investment properties and our home, and he has always been easy to deal with and kept us informed throughout the process. A very professional broker who looks out for his clients. I would recommend Gordon's services to anyone.

Sonar O., Sydney, NSW

 

VERY HELPFUL & TRANSPARENT

⭐️⭐️⭐️⭐️⭐️

Gordon is a fantastic mortgage broker. He has been very helpful and transparent with me, through my journey to acquiring my first property. He has provided me with plenty of advice to ensure that I am getting the best deal out in the market and to use the strategy that fits my financial criteria. Very professional and friendly. I will certainly seek Gordon's help again in the future.

Ray C., Sydney, NSW

 

 

HIGH STANDARD OF PROFESSIONALISM

⭐️⭐️⭐️⭐️⭐️

Thanks so much to Australian Mortgage Corporation for the support in finding the right loan for our needs. Not only are we realising our dreams of building our own home thanks to you, but you listened to our intricate details and met every expectation with a high standard of professionalism. We can't speak highly of you enough.

Thank you!

Lee & Jacqui R., Gladstone, QLD

 

 

TRUSTWORTHY AND RELIABLE

⭐️⭐️⭐️⭐️⭐️

Gordon has been excellent with my mortgage, and then more recently with my new real estate acquisitions. I work long hours and am on call yet Gordon manages to organise all the required paperwork in a timely fashion and all I have to do is read it over and sign where he tells me to sign. He has saved me many dollars in finding much better deals. He is trustworthy, reliable, and more importantly just a good bloke. I would happily recommend him to anyone considering his services.

Gordon has been able to organise all of my mortgage dealings with my shift work and unusual work hours. He makes the whole system easier and explains financial issues to the "less informed" in a simple yet comprehensive manner.

Kathryn K., Sydney, NSW

 

 

REFER A FRIEND

AND GET $500

When you refer a friend, and they subsequently do business with us, you will receive $500 as a thank you.

We respect your confidentiality and will never disclose your information to a third party. We comply with all the Privacy Laws of Australia. Should you have any queries with regards to this, please do not hesitate to contact us.

MORTGAGE CALCULATORS

BORROWING POWER CALCULATOR

How much can I borrow?

LOAN REPAYMENT CALCULATOR

What will my repayments be?

LOAN COMPARISON CALCULATOR

Which is the cheapest loan?

PROPERTY BUYING COSTS CALCULATOR

What are the buying costs?

STAMP DUTY CALCULATOR

How much is the Stamp Duty?

COMPARISON RATE CALCULATOR

How can I compare loan rates?

THE BEST CALCULATOR IS YOUR BROKER

Contact us for a more accurate assessment and find out what's possible.

Recent Articles

HomeBuilder Grant: $25,000 stimulus package announced!

HomeBuilder Grant: $25,000 stimulus package announced!

The HomeBuilder scheme, a housing stimulus package of $25,000 for owner-occupiers to build a new home or renovate their existing house has just been announced by the federal government. The total value of the package is estimated to be $688 million, allowing for...

read more
Explainer: fixed-rate loans

Explainer: fixed-rate loans

With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options, locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of...

read more
Selling your home? Here are the first steps to take

Selling your home? Here are the first steps to take

There is more to selling your home than putting up a ‘For Sale’ sign on your front lawn. Here are the first things you should check off your list to help you get a favourable result from your investment and to ensure the process runs as smoothly as possible.  ...

read more
6 Things You Must Know About Home Construction Loans

6 Things You Must Know About Home Construction Loans

1. Construction Loans are different to traditional home loans Construction loans are designed to allow you the ability to build your dream home, but also to mitigate risks of project blow-out and delays.  Every bank has different policies but generally you shouldn’t...

read more
The Ultimate Secret Of Valuation Uplift after Renovations

The Ultimate Secret Of Valuation Uplift after Renovations

You may have an investment property that you plan to renovate, or it may be your own house. Once the renovation is finalised, it is a good idea to get your property re-valuated. Here’s why: Let’s say the property’s original value was $1M and your loan is 80% of the...

read more

CONTACT US

TO KNOW WHAT'S POSSIBLE