Combine multiple debts into a single, manageable loan

Consolidating debt loans involves combining multiple debts into a single, manageable loan, often with a lower interest rate. This process simplifies repayment by merging various payments into one, easing financial strain and improving budgeting. By securing a lower interest rate, borrowers can potentially save money over time and pay off debts more efficiently. Additionally, consolidating loans can enhance credit scores by reducing the number of open accounts and demonstrating responsible financial management. However, it’s crucial to carefully assess terms and fees associated with consolidation to ensure it aligns with individual financial goals and circumstances, seeking guidance if needed to make informed decisions.

Our Clients Say

Stephanie C
Stephanie C
Read More
Eric from WhiteStar Group helped my partner and I to achieve our goals, becoming first home owners. We had a wonderful experience from Eric to the first phone call up until our last phone call to congratulate us with news of our first home settling. My partner and I highly recommned Eric if you are wanting to make your dreams become a reality. Eric was there every step of the way and was also very knowledgable, helping us as we learnt along the way as first home buyers. We can't thank Eric enough as we didn't think this would be possible, we are so very grateful, THANK YOU!!!!!
Arielle Murray
Arielle Murray
Read More
Such an amazing experience. Kelly was absolutely amazing from the vet first phone call, she made the whole process so easy the whole way through. Would highly recommend Kelly.
AliAH
AliAH
@username
Read More
Professional and very helpful. White Star group are very professional and helpful specially Maira she is very friendly and supportive as I am new in the property market it was my first Home loan with white star group,my experience with white star was great.. highly recommended And thank you Maria, for your great work I really appreciate it:-)
Previous
Next

See what you can save

Can I refinance to consolidate my debts?
Yes, it can be a useful strategy. When you have multiple debts, loan defaults or loan arrears to pay, refinancing your home loan to access equity can be an option to help reduce the financial pressure. By paying out higher interest debts you can save on interest. Refinancing to consolidate debts also allows you make one repayment, instead of multiple, and can help you take positive steps towards more financial freedom.
Talk to a broker
What is the benefit of using a mortgage broker instead of going directly to the bank?
All banks have different rules when it comes to lending. Some are stricter than others. Your broker can provide you with information about which banks suit your unique circumstances better. Unlike many brokers in Australia, WhiteStar Mortgage Brokers are paid a salary. They are not paid a percent commission directly by a lender and they are not paid based on the loan amount. This encourages a better service to you!
Talk to a broker
Previous slide
Next slide