Is it possible to consolidate my car loan with my home loan?
It is possible to consolidate a car loan into a home loan.
The interest rate on a home loan is likely to be a lot lower than the rate you?ll pay on other types of debt, so using your mortgage for debt consolidation could mean a big reduction in your overall monthly repayments.
However it can also turn a short term debt like a Personal Loan into a much longer term debt (your home loan). Unless you aim to make extra repayments where possible, you could end up paying more interest over the life of the loan.
It's easy to get started, just request your free appointment with an expert Aussie Broker.