Consolidation of Debts into your Mortgage.
Consolidating your unsecured debts into your mortgage can be a very effective
way of minimizing your monthly repayments and making your debt obligations more
manageable.
However, most new home buyers, are not able to avail themselves of this service.
The reason being, very simply, it is not possible to consolidate unsecured debts
into a property in which you do not have any equity.
The only First Home Buyers who are able to consolidate other debts into their
mortgage are those who have very large deposits, so that after consolidation
their home loan does not exceed the value of their property.
Debt Consolidations

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