.png)
A mortgage. A car loan. A credit card balance. Juggling multiple high-interest debts alongside your home loan is stressful and expensive.
Many homeowners don't realise they are sitting on the most powerful tool to fix this: their mortgage.
Consolidating your debt into your home loan isn't just a "life hack" for those in trouble; it's a smart, proactive financial strategy. It’s about taking a messy pile of bills and reshaping it into one simple, manageable payment at a much lower interest rate.
The benefits are clear: you save money on interest, simplify your budget, and reduce the risk of missing payments. But there is one critical mistake you must avoid.
This is where most people get it wrong.
It is very tempting to roll your $20,000 car loan (with 3 years left) into your main 30-year mortgage. The thinking is that the payment will be tiny.
This is a major financial trap.
While you'll pay a lower interest rate, you'll be paying it for an extra 27 years. You will end up paying far more in total interest over the long run.
The smart strategy - and the one we always structure for our clients - is to do it differently. We roll the debt into the mortgage to get the low interest rate, but we structure it as a separate loan split that's paid off over its original term (e.g., 3-5 years).
This way, you get the best of both worlds:
The process is straightforward, and it's my job to manage it for you.
Consolidating your debt isn't just about "getting by." It's about getting ahead.
It’s a strategic move to simplify your financial life, cut your interest payments, and put you back in control. The key is not just if you should do it, but how you do it.
This is where an Adviser is essential. We don't just consolidate your loans; we structure them to get you debt-free faster.
If you're juggling multiple debts and want to see if a consolidation strategy could work for you, feel free to reach out for a no-obligation chat. We can run the numbers and see what's possible.