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Refinance to Consolidate Debts into A single, manageable home loan

Refinancing your mortgage into a Debt Consolidation Home Loan involves combining multiple debts into a single, manageable repayment, often with a lower interest rate and lower repayments. Securing a debt consolidation home loan eases financial strain and improves budgeting. By securing a lower interest rate and putting the loans over a longer term, borrowers can improve their household cashflow, although this could incur more interest over time if you consolidate personal loans and credit cards into a home loan however it does often help with financial stress. Additionally, consolidating debts into your mortgage can improve your credit score by reducing the number of open debts and demonstrates responsible financial management. However, it’s crucial to carefully assess terms and fees associated with refinancing to consolidate debts into your home loan to ensure it aligns with individual financial goals and circumstances. Seeking guidance to make informed decisions is why using a Mortgage Broker is better than a Bank as Mortgage Brokers follow Best Interest Duty ensuring that any recommendation is in your best interest.

Disclaimer: All applications are subject to a client interview, verification of documents and lending criteria.

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Our Clients Say

Best brokers and service!Whitestar have been so easy to deal with, they did everything for me and kept me informed along the way! Smooth and easy process from start to finish - Can’t praise them enough

To say that Peter Sarris went above and beyond, would be an understatement. I was communicated with every step of the way, and never at any point was left doubting or questioning. Peter provided me with outstanding choices and I drove off not only with a brand new car, but with a brand new sense of security and faith in the finance that I took on my new vehicle, all courtesy of Peter. Could not recommend him, or WhiteStar enough!

Maria was sensational. Wealth of knowledge and understood my needs. the addition of Katerina made the process even smoother. from the beginning to the unconditional approval the communication was excellent

Excellent communication, friendly, accomodating, felt like I was treated fairly and so was the seller, first home buyer - Shelley was exceptional, made the whole process easy and took the stress out of it. Can only say positive things about Shelley and WhiteStar. Highly recommend.

Maria at Whitestar turned out to be our saviour! We were able to get our mortgage refinanced when all other banks had turned us down. Maria guided us at every step in getting our loan application approved and was extremely helpful and kind.

We used WhiteStar for both Conveyancing and Financing on our first home purchase. Liz was great to work with for Conveyancing. She patiently explained everything we needed to know and quickly answered any questions we had. Other brokers had failed to understand our financial position, but Kelly "got it" straight away and knew exactly which lenders to contact. Everybody we spoke with at WhiteStar was professional and helpful.

I highly recommend WhiteStar for their exceptional service and knowledge in the industry. Shout out to both my mortgage broker, Maria and Liz my conveyancer for being there the whole way and helping me get my house!

We dealt with WhiteStar for the loan and conveyancing on our house. Kelly, Liz & Katerina were beyond amazing to deal with. Each of them were so friendly, quick to respond to any queries we had, and broke down the technical jargon into language we could understand. They made everything so easy. We'd use them again in a heartbeat

Liz helped us buy and sell our investment property. Everything went smoothly and her professionalism was outstanding. If we do buy again, I will be using her as my Conveyancer

My experience was excellent Kelly was very efficient, her work is outstanding she was also very easy to talk to and always kept me updated I would highly recommend Kelly to family and friends Thanks Kelly very happy customer Carmel

Eric is the nicest person I have ever dealt with.

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 recommend Eric if you are wanting to make your dreams become a reality. Eric was there every step of the way and was also very knowledgeable, 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!!!!!

Both myself and my partner were assisted by Kellie at Whitestar. What a positive experience we both had, Kellie kept us fully informed and up to date at all times and a huge thanks to Kellie and the team as we are now both settled in our beautiful home

This is the second time I have used Liz of WhiteStar for my conveyancing needs. As previously, she has done a magnificent job for me. She is highly efficient, communicates well with updates and explanations where required, and is always friendly and accommodating. And she knows her stuff! I highly recommend her to anyone who is undertaking a property purchase and/or sale.

Maria L and Katerina S provided excellent customer service, advice and gritted determination to achieve the very best results for our refinancing. Communication and the flow of information was exceptional throughout our refinancing journey which made it feel seamless. Maria’s wealth of knowledge on various home loan products, the structuring of the loan to suit, must be noted here as nothing short of excellent. Not only did we manage to re finance successfully but also secured an excellent rate in very challenging times. We thank you and highly recommend WhiteStar Group.

Worth every cent!We were very happy with Liz, our Conveyancer. She was knowledgeable, highly responsive and on the ball at all stages, which made the process of buying our property super smooth and effortless (as much as buying a property can be). I can confidently recommend Liz (& Whitestar) to anyone looking for a good conveyancer who knows their stuff, she's worth every cent for the peace of mind!

We have been dealing with WhiteStar for years, once again WhiteStar/Peters service was impeccable!Consolidate all of our debt, to make it more manageable.

Peter from Whitestar Group truly went above and beyond. His customer service and focus are of the highest standard. Everything was communicated well and in a timely manner. All paperwork is digital and easy to complete. I would highly recommend them. Thank again Peter. I truly appreciate you.

I am astounded at how hard Maria Lyons and Kelly Flight had to work to get me this loan. Being in a small country town where most banks wouldn't touch it. They jumped through all the hoops and never gave up hope even when it seemed like a lost cause. I am so grateful to these 2. Their positivity held me together in this truly stressful time. The whole team at Whitestar were amazing super friendly admin, Shelly was always so helpful, bright and cheerful. Thanks everyone 5 stars. I am stoked with my new home.

Best staff! Great staff and communication from the beginning right through to the end. They went the extra mile for sure to get our purchased settled.

The team at Whitestar are incredible, efficient, proactive and informative. Thank you Kelly Flight, Elizabeth Alexander and Katerina Szabo an absolute pleasure doing business with you.

I wish I could give Eric K. and Kat S. TEN stars. These Guys have helped me to make the whole process of consolidating my debt and refinancing my mortgage soo pleasant and easy, despite a couple of initial hiccups. I highly highly recommend! Cannot say enough good things here

Maria and Kat were so helpful. This was first time ever using a broker and I was so nervous. But these two wonderful people took me through everything in such an organised professional manner. My worries went right out the window with our first conversation. From that point on, I had no stress and not one worry. I would recommend using this broker service and in particular Maria and Kat to anyone and everyone. I cannot thank them both enough. Going forward, I will never use any other company. Many many many thanks from one very very grateful and satisfied customer.

This was a very good experience to deal with a professional team especially Eric Kusno, well spoken and very clear professional broker to his expertise figures on home loans and well spoken Katrina Szabo, who strives on professional service and nothing is a problem and the office staff it was the best service I have ever had .Thanks a million guys.

Amazing service! Peter was fantastic to deal with easy and extremely helpful. I have used Peter in the past and will again in the future. The whole process was smooth. Happy with all the loan, rate etc.

Thoroughly recommend Whitestar & in particular Kelly. The whole process of refinancing our home loan was easy from start to finish. Kelly gave great advice & fully informed us of all options allowing us to choose the best loan available with the best rate. We were kept informed throughout the whole process & was very happy with how quickly the loan was arranged & approved. Thanks Kelly & Whitestar

Peter Sarris was very knowledgeable with his advice and experience. Very professional, and a really fast and easy process. 100% recommend his services.

I can’t speak highly enough of the level of service, attention to detail and commitment from Maria and WhiteStar team in assisting me in obtaining loan approval from my preferred lender, all at a very competitive rate and under pressing circumstances! They were fully invested in ensuring I achieved my goal and secured my dream property. Thank you Maria, Katerina and the team!

Eric, Liz, Katerina and the team at WhiteStar were fantastic in guiding me through my first home buying experience. The team were extremely helpful answering any questions and ensuring I was well informed all steps of way. Thank you for all your help and support.

We had a fantastic experience with Peter at WhiteStar Group! He was incredibly helpful in guiding us through the process of securing our car loan. Peter's professionalism and expertise made the whole process seamless and stress-free. He was always available to answer our questions and provided clear, useful advice every step of the way. Thanks to Peter, we are now enjoying our new car without any hassle. We highly recommend his services to anyone looking for financial assistance. Huge thanks, Peter, for all your help!

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Can I refinance my home loan 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.

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What is the benefit of using a mortgage broker instead of going directly to the bank?

Brokers, Better than a Bank. Bank and Lender's credit policies, pricing and processes vary. Using a Broker will often give you more options that you would have found going direct, also a better chance at approval as brokers are more informed across many products and policies. Plus Brokers work under BID - best Interest Duty. Lenders Don't.

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Poor Credit Debt Consolidation Home Loan - How can this help?

If you have Poor or Bad Credit or a Low Credit Score, you may feel like you are trapped. Often we can assist clients improve their financial situation by consolidating debts, thus easing the pressure and then in 12 months move to a lender that is more affordable once arrears or defaults have been cleared. This improves credit score and overall improves your financial position. Our team will not refinance or consolidate debts unless it improves your overall financial position.

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What is CCR? - Comprehensive Credit Score

CCR - Comprehensive Credit Scoring came out a few years ago now and has expanded. Now your credit file reports on all payments, not just defaults and court judgements etc. So if you are more than 2 weeks late on any debts or credit card etc it is recorded as far back as 2 years. This is another reason to use mortgage brokers. We know which lenders refer to CCR payment history and how long they will review.

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Debt Consolidation Home Loan Solutions – Brokers, better than a bank

Refinance to Consolidate Debts into A single, manageable home loan

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