Debt Consolidation Loans

Debt Consolidation Loans Melbourne - Access Australia's Best Interest Rates Through Expert Mortgage Brokers

Rated 5 from 479 Reviews

Transform Your Financial Future with Debt Consolidation Loans

Managing multiple debts across personal loans, car loans, credit cards, and other financial commitments can create overwhelming stress and drain your monthly budget through high interest rates and numerous repayment schedules. AXTON Finance specialises in debt consolidation loans that can transform your financial situation by combining all your existing debts into one manageable monthly repayment. As experienced Finance & Mortgage Brokers serving Melbourne and across Australia, we understand how debt consolidation works with a mortgage and can access some of the best interest rates available in the market to help you achieve genuine financial relief.

Debt consolidation through home loan refinancing offers a powerful solution for Australians struggling with multiple high-interest debts including credit cards, personal loans, boat loans, and caravan loans. When you consolidate debts with home loan refinancing, you're essentially using your property's equity to pay off existing debts and replace them with a single, lower-interest mortgage payment. AXTON Finance works as your trusted Finance & Mortgage Broker to evaluate your current financial position and determine whether a debt consolidation home loan represents the most effective path forward. Our approach focuses on refinancing to reduce debt while ensuring you maintain comfortable monthly repayments that align with your budget and long-term financial goals.

The benefits of debt consolidation loans extend far beyond simplified payments, offering genuine opportunities to save on interest through refinancing and reduce your overall debt burden significantly faster than traditional repayment methods. Many of our clients discover that consolidate credit card debt with home loan strategies can save thousands of dollars annually in interest payments alone. AXTON Finance specialises in mortgage refinance for debt relief solutions that not only lower monthly repayments but also provide clear pathways to debt-free living. As your dedicated Finance & Mortgage Brokers, we analyse your existing debts, compare available refinancing options, and present strategies that maximise your savings while minimising financial stress.

Debt management through refinancing requires careful planning and expert guidance to ensure you're making decisions that support your long-term financial wellbeing rather than simply moving debt from one place to another. AXTON Finance takes a comprehensive approach to debt reduction through mortgage refinancing, examining your complete financial picture including income stability, existing mortgage terms, and future financial goals. Our team helps you understand exactly how consolidate multiple loans processes work, what documentation you'll need, and realistic timeframes for achieving your debt consolidation objectives. We work exclusively with lenders who offer competitive rates for debt consolidation scenarios, ensuring you access some of the best interest rates available for your specific circumstances.

Choosing AXTON Finance as your Finance & Mortgage Broker means partnering with professionals who prioritise your financial freedom above all else. We believe that refinance home loan for financial freedom strategies should provide immediate relief through reduced monthly payments while creating sustainable long-term benefits that prevent future debt accumulation. Our debt consolidation loans service includes ongoing support to help you maintain your improved financial position, educational resources about effective debt management, and access to refinancing options that evolve with changing market conditions. When you're ready to reduce financial stress with refinancing and take control of your financial future, AXTON Finance provides the expertise, market access, and personalised service you need to succeed.

How much could you save by refinancing to a better loan?

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Common Questions About Debt Consolidation Loans

What is a debt consolidation loan and how does it work?

A debt consolidation loan combines multiple existing debts into a single loan with one monthly repayment, typically at a lower interest rate than your current debts. When you work with AXTON Finance for debt consolidation, we help you refinance your home loan to access your property's equity, which is then used to pay off high-interest debts like credit cards, personal loans, car loans, and other commitments. This debt consolidation process simplifies your finances while potentially saving thousands in interest payments. Our Finance & Mortgage Brokers can access some of the best interest rates available and will assess your situation during a free consultation to determine if debt consolidation loans are right for your circumstances.

Can I consolidate all types of debts with a home loan refinance?

Most types of consumer debts can be consolidated through home loan refinancing, including credit cards, personal loans, car loans, boat loans, caravan loans, and store financing. However, certain debts like tax obligations or business debts may have specific restrictions depending on your lender's policies. AXTON Finance works with multiple lenders across Australia to find debt consolidation home loan options that accommodate your specific debt types and financial situation. As experienced Finance & Mortgage Brokers, we'll review all your existing debts during your consultation and explain which can be included in your consolidation strategy to maximise your savings and simplify your repayments.

Will debt consolidation loans actually save me money?

Debt consolidation can provide significant savings when structured correctly, particularly when consolidating high-interest debts like credit cards into a lower-rate home loan. Many AXTON Finance clients save hundreds or thousands of dollars annually through reduced interest payments and lower monthly repayments. However, savings depend on factors like your current interest rates, loan terms, and the new consolidated loan structure. Our Finance & Mortgage Broker team will calculate your potential savings during a free consultation, showing you exactly how much you could save through refinancing to reduce debt and providing clear comparisons between your current situation and proposed debt consolidation solution.

How much equity do I need in my home for debt consolidation?

Most lenders require you to maintain at least 20% equity in your property after debt consolidation to avoid paying lenders mortgage insurance. The exact amount depends on your property value, existing mortgage balance, and total debts you want to consolidate. AXTON Finance can help you understand your available equity and whether you have sufficient funds for effective debt consolidation through mortgage refinancing. Our Finance & Mortgage Brokers work with lenders offering various equity requirements and can often find solutions even if your equity is limited. We'll assess your property value and current mortgage during your free consultation to determine your debt consolidation options.

What are the risks of using debt consolidation loans?

While debt consolidation offers many benefits, it's important to understand that you're securing previously unsecured debts against your property, which means your home becomes security for these debts. Additionally, extending repayment terms might reduce monthly payments but could increase total interest paid over time if not managed properly. AXTON Finance ensures you understand all implications of debt consolidation before proceeding and structures solutions that minimise risks while maximising benefits. Our Finance & Mortgage Brokers provide comprehensive education about debt management through refinancing and ongoing support to help you maintain your improved financial position. Book a free consultation to discuss how we can structure debt consolidation loans that align with your risk tolerance and financial goals.

Get help from our Mortgage Brokers

We are passionate about delivering reliable client outcome and not just a cookie-cutter service. With over 100 years of combined industry experience, you can trust the team at AXTON Finance.

Joyce Cheng - Mortgage Broker at AXTON Finance

After a distinguished career in private banking at Macquarie Bank, Joyce recognised the value she could provide to clients in a smaller business setting, serving a diverse range of individuals from emerging wealth and high net wealth backgrounds.

Joyce Cheng

Senior Mortgage Broker

Nicole Campbell - Mortgage Broker at AXTON Finance

With over 20 years of experience working in senior mortgage broking roles, Nicole's experience means she has expert knowledge in lending. Whether it be complex lending structures or first home buyers, Nicole's focus is always reliable client outcomes.

Nicole Campbell

Partner Mortgage Broker

Luke Rowland - Mortgage Broker at AXTON Finance

Driven by a desire to empower his clients with the knowledge, resources and service to deliver results, Luke has earned a reputation, shown in his stellar career trajectory for his exceptional proficiency across the lending spectrum.

Luke Rowland

Partner Mortgage Broker

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Our Reviews

We pride ourselves on being brokers you can actually trust, from the initial consultation through to annual reviews that we perform years after your settlement, our tailored services and relationship focus is built to last.

Need proof that we are one of Melbourne’s best mortgage brokerages? Don’t just take our word for it – we have hundreds of positive Google reviews from real clients so you can rest assured you’re making the right choice with choosing AXTON Finance.

Google Reviews

Rated 5 from 479 Reviews

Thoroughly professional from start to finish. Being new to the Australian house purchasing process, Nicole continually offered detailed guidance and made the whole process seamless. Highly recommend Axton Finance to others.

Mark Kaiser

Today

We used AXTON Finance to buy our new home. This involved refinancing 2 properties as well as arranging finance the for the new home. There were a lot of moving parts and AXTON Finance did it all, recommended loan strategies to minimise repayments and secured a better loan deal, 2% below what we were paying. For a non money person, I wouldn't have been able to do it on my own and they saved a ton of time, stress and running aeound in the process. Would recommend AXTON Finance and now they are assisting my mother with a downsizing loan strategy.

Ben Howie

2 days ago

Mortgage Broker ROCKSTAR! As a fist time user of the services of a mortgage broker, I found the guidance and the level of insight afforded by Melanie of the highest of quality and our engagements always exceed my expectations.

Mark Cocks

4 days ago

Very happy with the support Melanie gave us, she went up and above for us, we where a hard one as we had credit card debt, it it was a bit stressful, but Melanie did a wonderful job sorting our finances out.

Vicky Glendinning

5 days ago

We recently purchased an investment property and couldn’t be happier with the support we received from Nicole Campbell at AXTON Finance. From the very beginning, Nicole went above and beyond to make the process smooth, stress-free, and transparent. We're so grateful to have found Nicole! Nicole took the time to understand our goals, explained every step clearly, and was always available to answer our million questions. What really stood out was Nicole's proactive communication and genuine care in ensuring we secured the best loan structure and rate for our circumstances. Throughout the whole process, it was clear that Nicole cared about our goals and protecting our interests. Thanks to Nicole, our finance was approved ahead of schedule, and settlement went through without a hitch. We highly recommend Nicole to anyone looking for a dedicated, knowledgeable, and truly client-focused mortgage broker.

Eda Gul

5 days ago

I can’t recommend Joyce highly enough! From our very first conversation, she made the entire mortgage process simple and stress-free. She took the time to understand my situation, explained every option clearly, and went above and beyond to secure a fantastic rate. Communication was always prompt and professional — nothing was ever too much trouble. If you’re looking for a mortgage broker in Melbourne who genuinely cares about getting the best result for you, Joyce is the one to call.

Fraser Neale

This month

Amazing Mortgage Broker! I was very lucky to have Nicole Campbell on my side. Stayed true to her words and absolutely helpful! No question was ever stupid. Being a FHB I was unaware of certain processes and Nicole being very professional and experienced always assured me every step of the way. I had called a number of other mortgage brokers prior I settled with Nicole and definitely no regrets. Very hold your hand and walk you through the process which is hard to find now-days. Thank you again, Nicole!

Japheth B

This month

Highly recommended . Without sounding cliche, Adam did go above and beyond when refinancing our home loan. There was few bumps along the way, and he had clear communication with us the entire time and always returned calls and emails. I highly recommend Adam to anyone who is looking for a finance broker. Very reliable, thorough and easy to deal with.

Melissa M

This month

AXTON Finance - Melbourne's Best Mortgage Brokers

Frequently Asked Questions

How do rental income and tax benefits affect my investment loan application?

Investment properties offer unique advantages in terms of rental income considerations and tax benefits, but these vary based on your individual circumstances and the specific property. The tax implications can be complex and should be carefully considered as part of your overall investment strategy. Book a consultation to understand how these factors apply to your situation and investment goals.

Can I use equity in my existing home to buy an investment property?

Using existing property equity for investment purchases is a popular wealth-building strategy, but the approach varies depending on your financial position and goals. There are several structuring options available, each with different benefits and considerations. Our experts can assess your equity position and explain your options during a complimentary consultation.

How much can I borrow for a home loan?

Your borrowing capacity depends on various personal and financial factors. While general guidelines exist, your actual borrowing power is unique to your situation, income, and financial goals. The best way to understand your true borrowing capacity is through a personalised assessment. Contact us for a free consultation where we'll provide you with an accurate borrowing estimate tailored to your circumstances.

Can I refinance my existing home loan or investment loan to get a better rate?

Refinancing can offer significant benefits, but whether it's right for you depends on your current loan terms, financial situation, and future goals. Market conditions and available products change regularly, so it's worth having your loans reviewed. Contact us for a free loan review to see if refinancing could improve your financial position.

What deposit do I need for an investment property loan?

Deposit requirements for investment properties vary between lenders and depend on your overall financial profile. While there are general guidelines, your specific situation may open up different options or require alternative approaches. Let us assess your circumstances in a free consultation to determine the most suitable deposit strategy for your investment plans.

What documents do I need to apply for a home or investment loan?

Documentation requirements vary depending on your employment type, loan amount, and chosen lender. Rather than providing a generic list, we prefer to give you a personalized checklist based on your specific situation and loan type. During your free consultation, we'll outline exactly what documents you'll need and help streamline your application process.

What types of home loans does AXTON Finance offer?

We offer a comprehensive range of home loan solutions including owner-occupier loans, first home buyer packages, refinancing options, and specialised lending products. Every situation is unique, which is why we work with multiple lenders to find the right fit for your circumstances. Book a free consultation with our experienced brokers to discover which loan options best suit your needs and financial goals.

How long does the loan approval process take?

Processing timeframes can vary based on your situation, chosen lender, and current market conditions. While we work to expedite every application, each scenario is different. The best approach is to discuss your specific timeline needs during a consultation, where we can provide realistic expectations and work to meet your settlement requirements.

What is an investment property loan and how does it differ from a home loan?

Investment property loans are specialised financing solutions designed for rental properties. They have different requirements, benefits, and tax implications compared to standard home loans. The specifics can vary significantly based on your investment strategy and financial situation. Schedule a free consultation with our investment property specialists to understand how these loans work and whether they align with your investment goals.

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