Get help to simplify your debts
Consolidating debts into your home loan may help you save every month. Call 1300 842 405 to speak directly to one of our team to understand if this is right for you.
Sam and Mary had equity, but no cash flow—and rising debts
With two personal loans owing over $50k and a mortgage, Sam and Mary’s budget was under significant pressure. By consolidating their debts into their home loan, they have one loan and one simple repayment. Their monthly minimum repayments dropped by over $1,000, which has freed up their cashflow, restored their sense of control on their finances and putting their next goal within reach.
This scenario is based on a real Tiimely Home broker customer experience and their individual circumstances.
Names and image have been changed for privacy.
Take control of your finances
Save
Lower interest rates
Moving credit card repayments into your home loan, may put thousands of dollars back in your pocket each year.
payment simplified
One simple payment
This can help simplify your finances by replacing multiple payments and due dates with one easy monthly payment—reducing stress and making debt management more straightforward.
Lower rates
Access better finance options
With consolidated debt, you may have improved cash flow and better financial planning options without the stress of multiple lenders.
free
No cost to you
Our service is free for you because we’re paid by the lender you choose. This means you get expert support without any costs from us. The only expenses you’ll have are the standard lender and government fees that apply to any home loan or refinance. These are outlined to you in writing before applying with a lender.
Who is debt consolidation for?
Debt consolidation loans are a good option for homeowners who
Have multiple high-interest debts (credit cards, personal loans, car loans)
Are making minimum payments but barely reducing principal
Have sufficient equity in their home to consolidate debts
Want to simplify multiple payments into one manageable solution
Meet the team
Veronica Foreman
Veronica is a specialist broker, with 18 years industry experience. Veronica's ability to connect with people, her knowledge in home loans and tenacity to find the best value for her customer has built her a trusted reputation.
Sam Kapoor
Sam has 16 years finance experience, specialising in home loans and tailored lending solutions. An active property investor, Sam understands the the real estate market, which benefits his customers in financing their property goals.
Darlene Xerri
Darlene is a dedicated para-broker with a sharp analytical mind and a passion for helping people navigate their home lending journey. Her care and enthusiasm ensure customers feel well supported alongside our brokers while finding the right loan.
How it works
Your path to consolidating debt in three simple steps
Book a call with a broker
Answer a few questions about your current debts and home loan to see if debt consolidation is the right option for you.
Review your options
We'll verify your situation and present clear consolidation options with projected savings and timelines.
Finalise & Celebrate
Approval by a lender (eligibility and lending criteria apply) will allow you to pay off your existing debts and set up your new simplified payment plan.
Hear from homeowners we've helped
Ready to take the next step?
Call 1300 842 405 to speak directly to one of our team or book a tiime for a call back.
Have questions? We have answers
Will consolidating affect my credit score?
Applying for a loan may cause a temporary dip in your credit score due to the credit inquiry. Over time, however, consolidating multiple debts into a single loan and making regular on-time payments can help improve your overall credit profile.
How much equity do I need in my home?
Generally, you'll need enough equity to keep your loan-to-value ratio below 80% after consolidation to avoid Lenders Mortgage Insurance, but we have solutions for various equity positions.
Is debt consolidation a temporary fix or long-term solution?
Our approach focuses on sustainable debt management. We work to make consolidation part of a lasting solution by helping reduce the overall cost of holding debt—so it’s more than just short-term relief.
Will I pay more interest over the long term?
While extending debt over a longer mortgage term can increase total interest paid, our goal is to help minimize the cost of holding debt and make it easier to paydown faster, and provide options that ease immediate financial pressure.
Can I consolidate if I've missed payments on existing debts?
Yes, in many cases. Our mortgage brokers have extensive experience handling a wide range of financial situations, including those with less-than-perfect payment histories. However, if your credit score is low, debt consolidation may not be the best option.
Disclaimer
Tiimely Home does not provide financial or investment advice. This material does not take account of your objectives, financial circumstances or needs. Tiimely Home recommends that you seek independent financial, legal and taxation advice before making an investment decision.
IMPORTANT INFORMATION: Any information provided does not constitute an offer of credit and are examples of what may be available to you based on the information available. It does not take into account any product features or any applicable fees. Lending criteria and the basis upon which we assess what you may be able to afford may change at any time without notice. For Fixed Rate home loans, break costs may be payable which can be significant if you change the whole or part of your fixed rate loan or where additional or early repayments are made during the fixed rate period.