*iSelect is the trading name of iSelect Mortgages Pty Ltd (ABN 86 148 217 181). iSelect Mortgages Pty Ltd is a credit representative (Credit Representative 400540) of Auscred Services Pty Ltd (Australian Credit Licence 442372). iSelect provides a referral to Lendi Pty Ltd, a Credit Representative of Lendi Group Finance Pty Ltd (Australian Credit License 442372). iSelect Mortgages Pty Ltd receives a commission from the Licensee for each new customer account created and for each home loan submitted through this service.
We partnered with Lendi* to help you compare home loans from over 25 lenders and over 2,500 home loan products.
To help you decide if this is the right option for you, we’ve laid out the pros and cons of refinancing your home loan to consolidate debt.
There are a number of potential benefits when it comes to consolidating debt into your home loan, with the most popular being that it may save you money.
While consolidating debt can be a good way to save money, there are a few potential pitfalls, including:
The best place to start is with a qualified mortgage broker who will be able to help you tailor your loan to suit your lifestyle and budget.
If you’re interested in the savings you might make through consolidating your debt, a qualified mortgage broker is well placed to help you to explore your options.
Our team at iSelect have partnered with Lendi*, so we can help you compare a range of different providers on the market. Use our online tool to compare home loans, or give Lendi a call on 1300 186 260 (08:30-18:30).