Consolidate Short-term Debt

• Do you also have short term loans which are crippling you financially?
• Do you ever wish that, instead of being tied up, that money was working for you?

If you have answered "yes" to any of these questions, then you will be interested in a Refinance Mortgage. Contact us today for more information on 0868113763 or e-mail info@mortgageaid.ie

With a Refinance Mortgage, homeowners can refinance their mortgage(s), car loan(s), and personal loan(s) all at the much lower mortgage rates that are available. It is possible to reduce your monthly outgoings significantly simply by consolidating all of your debts because mortgage interest rates are less than half the normal personal loan rate which averages around 9%. These rates can even be much higher as high as 20% or more so check what you are paying back on each of your loans and check what interest rate you are paying. You might be very surprised at the rates you are being charged.

The money saved on monthly repayments can be put to better use, by paying lump sums off the balance of the mortgage to decrease the capital amount and term, or invested into a savings policy for a rainy day. This offers customers the potential to increase their monthly cash flow, and benefit from reduced interest rates for car and personal borrowings.

Warning: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.

Refinancing your loans
Most lenders will offer this service, so your current mortgage lender will most likely be able to help you with this. However it is always wiser to shop around and see if you can get a better deal from another lender, i.e. cheaper rates, better service, or more flexibility. Some lenders offer free legal fees on the transfer of the mortgage so this will not incur any extra costs.

Call Mortgage Aid today on 0868113763 or e-mail info@mortgageaid.ie.