Debt Consolidation Savings Case Study
Talisha purchased her home 3 years ago. She was also paying off two credit cards.
A snapshot of her loan accounts revealed the following:
|Loan Account||Balance||Minimum Monthly Repayment|
|2 Credit Cards||33,000||990|
Talisha's minimum monthly repayments on her loan accounts were $3,000 per month.
Fox Symes provided her with a new home loan.
Talisha's new home loan for $383,000 was provided by Fox Symes to allow her to consolidate all her debts. This resulted in Talisha now making one repayment per month rather than multiple repayments.
Talisha's minimum monthly repayment with her new home loan was reduced from $3,000 per month to $2,050 to per month thus saving her $950 per month.