That Home Loan Hub
Welcome to That Home Loan Hub, your ultimate guide to mastering the world of home loans and property. I'm Zebunisso Alimova, here to simplify the complexities of real estate and provide you with expert insights and the latest trends.
Whether you're a first-time homebuyer, an experienced investor, or simply curious about the property market, this podcast is for you. Join me each week as we unlock the secrets to property success and help you make informed decisions. Let's dive into the world of property together!
That Home Loan Hub
From Financial Chaos to Homeownership: How Debt Consolidation Changed Everything
Financial magic happens when you look beyond the obvious. We've just transformed a young couple's future by saving them over $500 every month through strategic debt consolidation – an outcome that dramatically altered their homeownership possibilities.
Most clients approach us thinking we exclusively handle mortgages, but our comprehensive financial approach means examining your entire financial picture. This couple had scattered debts across multiple lenders – personal loans with Avanti, car financing through MTF, and various credit cards – all with interest rates exceeding 20% in some cases. By consolidating everything into one manageable loan with an interest rate 9% lower than their previous arrangements, we not only simplified their financial landscape but created significant monthly savings.
The magic truly revealed itself in the second stage of our process. That $500 monthly saving translated to approximately $100,000 in additional borrowing capacity for their home loan. Instead of settling for a $700,000 property 30 kilometres from their preferred location, they could now afford an $800,000 home in their desired school zone, close to work and community activities. This isn't just about numbers – it's about quality of life and making dreams accessible.
If you're carrying personal loans, car loans, or credit card debt while aspiring to homeownership, join our free Thursday webinar where we'll demonstrate exactly how these savings translate to increased borrowing capacity. Comment "webinar" to receive the link and discover how debt consolidation might be the key to unlocking your dream home. Your financial breakthrough could be just one conversation away.
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Hello and welcome back to the episode of that Home Loan Hub. Hey Kunj, hi, how are you? We are on a roll, we've got a winning week.
Speaker 2:Yes, we have. We've been able to save a client a few dollars in their personal loan payments, which is really cool.
Speaker 1:What, what, what. We've just saved someone $500 a month on their personal loan. Yes, so a lot of people don't realize when they come to me, they think that we only do home loans, correct.
Speaker 2:But me being me, she taps into everything.
Speaker 1:Guys, wearing 100 million hats. One of the things we actually do in one of those pre-appointments is to assess where you are right now, and this couple came to us a couple of weeks ago and they had few loans that were in various places, yes, and a lot of them were at a much higher interest rate as well.
Speaker 2:Yeah, quite high.
Speaker 1:So when we looked at it, when I looked at it, and I thought you know, there's something we can do about this, and sure enough, lo and behold, we managed to consolidate all this debt for them. So if you are listening to this right now and you've got a personal loan to Avanti, a car loan to MTF, a few credit cards here and there and a total loan of up to 50K actually, in some cases, it can be even up to $80,000, we can take care of this. So think of us like a cleaning service that comes in, cleans your house for you and cleans the oven at the same time and puts it all together into one manageable loan repayment. And what it meant for this young couple out here is that they're saving over $500 a month. Yeah, which is amazing. Yeah, back into their own pocket, right. And what it meant then in the stage two, because we're doing it in two stages for them.
Speaker 1:Stage one debt consolidation. Let's put all your debt together into one pot, one manageable repayment. And the interest rate they got was 9% lower than they were on in the previous place, so they were paying over 20%. It was ridiculous. We managed to get them a really good rate. Bring down their repayments. Stage two is get a home loan pre-approval.
Speaker 2:Yep yeah, getting the home loan pre-approval which you know, saving them $500 a month.
Speaker 1:Means they can borrow more. They can buy that house down the road that previously they couldn't have, because when we put your numbers into the affordability calculators provided by all the banks, we can tell straight away whether you can afford something or you can't afford something, even if in your mind, you think you can. So what it means for people when we reduce their repayments is they can borrow more. Yes, they can borrow approximately 100K more if we save them $500 on personal loan repayments, meaning that if you wanted to buy a house, that's 700K versus 800K. Of course you know if the 800K house is in a school zone, next to your work, next to your sports clubs, et cetera, ideally you want to buy that 800K home.
Speaker 1:Yeah, versus being able to afford only 700K. That's 30 kilometers away from the kids' school and all your sports activities, right? So what we create here is absolute magic.
Speaker 2:It is magic being able to save you on your loan repayments by using those amounts that you save to help you borrow more and purchase that dream home that you wanted to. Yeah, yeah, rather than just conceding to the fact that, oh no, my personal loan payment's, you know, $1,200 for the month, so I can only purchase something within that budget. Yeah, but with us, you know, digging deeper and looking at that position, your position, we actually found that solution of. Actually, we can save you on interest payments and repayments by consolidating your debts into one.
Speaker 1:This Thursday, I'm going to run a webinar to educate people and I'm going to pull up a calculator and show them in real life how the $500 a month makes a huge difference when we're calculating the numbers. So if you want to learn about this, comment webinar, comment webinar and we're going to send you a link and it's absolutely free. So come and learn how to get yourself one step ahead.
Speaker 2:Yeah, ready for that dream home. Awesome, thank you, conch. Thank you Bye.
