Is it possible to go from 
to
Well, that’s just what happened for Nathan and Amy recently!
Amy rang me to see if I could help. They had approached their bank to consolidate a few personal loans into their home loan. They had been having difficulty keeping up with the repayments because of the high interest rate charged on the personal loans.
If they had been successful in ahving the loans consolidated, the mponthly repayments would have decreased significantly, making life easier.
Naturally, their bank declined their application giving the slow repayment history on their loan as a reason, even though it was easily demonstrated that they would be easily able to repay the consolidated loan.
I know it seems hard to understand, but that’s the way all banks think.
Luckily, there are some lenders who take a different approach to lending and although they usually charge a higher rate of interest, the end result can mean great savings.
This was the case for Amy and Nathan. Their loan was approved and they saved over $760 in monthly repayments!
Call me if you want to save too.
