Fox Symes Home Loans
Case Studies
Debt Consolidation Savings
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 |
|---|---|---|
| Home Loan | 350,000 | 2,100 |
| 2 Credit Cards | 33,000 | 990 |
| Total | $383,000 | $3,000 |
Talisha’s minimum monthly repayments on her loan accounts were $3,000 per month.
Fox Symes assisted her arrange a new home loan through a major bank.
Talisha’s new home loan for $383,000 was negotiated 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 lender was reduced from $3,000 per month to $2,050 to per month thus saving her $950 per month.
The following calculator shows how much your minimum monthly repayments will be reduced by if you consolidate your debt into a new home loan.
