Debt consolidation home loans in Sydney's Eastern Suburbs. A car loan here, a credit card there, maybe a tax bill on a payment plan. Shane rolls them into your mortgage at one rate and one repayment, comparing 30+ lenders to find the best fit.

Most personal debts can be rolled into your mortgage, provided you have enough equity. Common candidates include car loans, personal loans, credit card balances, buy now pay later balances, and ATO tax debt for self-employed borrowers. Some lenders limit the number of debts or the total amount that can be consolidated, which is where comparing 30+ lenders matters.

It reduces your interest rate and your monthly outgoings, because home loan rates are far lower than credit card or personal loan rates. However, if you spread a five-year car loan over a 30-year mortgage term and only make minimum repayments, you can pay more total interest despite the lower rate. The structure matters. I typically recommend directing the cash flow you free up into extra repayments, or structuring the consolidated portion over a shorter term, so you get both the cash flow relief and a genuine interest saving.

As a rule of thumb, your total loan after consolidation should stay at or below 80% of your property value to avoid Lenders Mortgage Insurance. For example, if your home is worth $2M and your mortgage is $1.2M, you have room to consolidate substantial debt while staying under 80% LVR. Going above 80% is possible with some lenders but usually involves LMI, and I would run those numbers with you first.

Yes, though not every lender accepts it. Tax debt is common for self-employed professionals and business owners, and a number of lenders on my panel will refinance it into your home loan at home loan rates, which is usually far cheaper than an ATO payment plan and clears the general interest charge. I know which lenders take a practical view of tax debt and what they need to see.

The refinance itself involves a credit check, which has a minor, temporary impact. Beyond that, consolidation often helps your credit profile over time. You replace multiple accounts and repayment obligations with one, which reduces the chance of a missed payment, and closing paid-out cards and loans reduces your total credit exposure.

In most cases, yes. Lenders assess a credit card at around 3.8% of its limit per month regardless of the balance, so open cards reduce your borrowing power even at zero balance. More practically, consolidation only works if the cards do not get drawn up again. Many clients keep one card with a modest limit for day-to-day flexibility and close the rest.

The same as a standard refinance, approximately 4 weeks from application to settlement. At settlement, some lenders pay out each debt directly, while others release the funds for you to clear the debts yourself. I confirm how your lender handles it and coordinate the payout figures for each debt as part of the application.

Yes. Self-employed borrowers are often the clients who benefit most, because business cycles can leave a mix of vehicle finance, equipment loans, working capital debt and tax liabilities. I work with lenders experienced in self-employed applications, including those that accept alternative income documentation, and structure the consolidation around your actual cash flow.