Equity Home Loans For Times Of Need
Equity home loans are the answer when your income does not match your outflow and is not covered by your savings.
You don’t need to be a ‘big spender’ to find yourself having money problems and in a position where you need a quick and relatively easy access to a substantial sum of money. Emergencies can arise such as illness or accident, a child or a grandchild needing assistance, unexpected loss of work or erratic income, a sudden influx of outgoing expenses, and the list goes on and on. Basically, you’re running out of or don’t have enough cash and you need assistance.
With the increasing financial pressure we find ourselves under in Australia just for every day expenses, let alone the extras that make life a little more comfortable, it is all too easy to suddenly find you are exceeding your income and have too many debts and payments to be made.
Debt consolidation is one option that enables you to combine all your payments – credit cards, personal loans etcetera – and keep your finger on the pulse of just how much you owe to ensure you don’t miss a payment, and to help you manage your monthly cashflow.
If you own your own house or another property, you actually have significant equity tied up in your home or property. If you borrow against this equity you can access financial help at rates than can be much cheaper than running up credit card debt.
Refinancing your loan is another option to bring your cashflow blowout under control. By taking out an equity home loan refinance agreement, you can consolidate all your debts and repayments under the one payment enabling you to pay your debts off faster and save you money in the long-run.
Whatever your choice, Origin Finance have mortgage brokers that can help you work out the best solution to cover your money worries, simply and efficiently. We are happy to advise you on your best options and on how to gain approval to take our financial assistance against your mortgage.
Discover more about equity home loans, reverse mortgages, how to refinance or to consolidate your debts, and how we can help you, by clicking on the links below.