Join Greg from My Mortgage as he discusses the benefits and considerations of consolidating debt into your home loan. Discover how leveraging the equity in your home can help you streamline repayments on existing debts such as car loans, personal loans, and credit cards. Greg explains the importance of having sufficient equity (typically at least 20%) and being able to comfortably service the new consolidated debt. Learn about the potential savings on interest rates and cash flow advantages, but also the importance of not extending the repayment period excessively. If you’re considering debt consolidation and want to make informed decisions, this video provides valuable insights and practical tips to help you manage your finances effectively.
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