It is possible, but in most cases, it's worthwhile paying off debt with a higher interest rate first. You should check the details of fees for early repayment and other conditions of your loans to see if there will be any additional impacts or charges though.

An expert Aussie Broker can also give you more information on your home loan options for each scenario, including debt consolidation options and how to schedule your repayments. This service is part of your free appointment with an expert Aussie broker.