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NSW Mortgage Corp Blog

Tag: consolidate debt nsw

4 Reasons to Get a Home Loan with Bad Credit
Mortgage

4 Reasons to Get a Home Loan with Bad Credit

The fear of paying very high interests is one of the reasons borrowers dodge the idea of getting a home loan. Those who have gone through a foreclosure or bankruptcy are one of those people who think that a tanked credit will make them pay more than a borrower who has a stellar credit, but that’s not really true.

signs of predatory lending
Credit Score

Signs of Predatory Bad Credit Loans

Would you pay extra fees for an expensive loan that does not offer you any financial benefit? That’s how predatory bad credit loans work. They will deceive you into signing loans with hidden costs and terms that may cost you more than what you can afford to pay which could lead to foreclosure.

How To Satisfy Credit Judgements Without Going Bankrupt
Financial Tips

How To Satisfy Credit Judgements Without Going Bankrupt

A second mortgage can also help you fill the gap especially when you’re in serious debt. Talk to our helpful mortgage advisers to answer your queries and give advice about your current finances and how you can pay for your obligations as judgements debtor.

second mortgage bankruptcy
Financial Tips

Second Mortgage: Alternative to Bankruptcy

When you are faced with multiple debts and you no longer have enough money to pay for them all, and creditors, as well as credit collectors, are knocking at your doorstep, use your house as a shield.

more than one mortgage
Loans

How Many Home Loans Can You Afford?

Your home is probably the biggest purchase you have to make in your lifetime. It would be impractical to do it if you don’t have a repayment strategy in mind. By using home loans to buy a house, you are preparing yourself for years of making cumulative payments on the mortgage that has the potential of increasing twofold due to its interest.

Should I Refinance My Home Before Retirement?
Financial Tips

Should I Refinance My Home Before Retirement?

Everyone is an artist and therefore, all of us have the inner creativity to adjust and create a financial management strategy which is convenient for us. Thus, there is no need to be worried about how we can handle our finances—we got the capability to accomplish whatever we put our mind into. And, finance is also a science.

Take Control of your Finances with Consolidation Loans
Loans

Take Control of your Finances with Consolidation Loans

If you want to repay your debts consolidate your loans, you only need to apply for a single loan for a huge amount to pay off several smaller loans. This makes you liable only to one creditor. You may avail of lower interest rates than what you were paying before, or you could opt for a longer repayment term to reduce the amount you need to pay each month.

Frequently Asked Questions For Debt Consolidation Loans
Debt Consolidation

Frequently Asked Questions For Debt Consolidation Loans

Debt consolidation is pretty much like every other loan – only that you use it to pay the debts that you already have. For instance, if you have three loans, you can use this loan to pay off the other three, so that you will no longer be juggling three different loans.

ypes of Debt Consolidation Loans
Debt Consolidation

The Various Types of Debt Consolidation Loans

Even though debt consolidation loans might seem like a good option, you should know that going down this path doesn’t mean you’ll get rid of your debt overnight. What you’ll do is rearrange it a bit, so that it becomes slightly more affordable and easy to pay.

3 Things To Do When Getting Consolidation Loans
Debt Consolidation

3 Things To Do When Getting Consolidation Loans

Choosing the right debt consolidation loan is an important part of the financial planning equation. NSW Mortgage Corp offers second mortgage and consolidation loan options for people with bad credit.

Things Equally Important As Consolidation Loan Rates
Debt Consolidation

Things Equally Important As Consolidation Loan Rates

A consolidation loan can help you keep up with your payment. Having fewer bills to pay also means lesser chances of missing payments, lower interests to pay and greater chances of paying the loan faster.

Debt Consolidation or Refinancing
Debt Consolidation

What Is Better: Debt Consolidation or Refinancing?

Since every person has a different financial problem, it would be better to look into debt consolidation vs. refinancing and evaluate the impact that each can have on your financial situation.

Avoid These Debt Consolidation Loan Traps
Debt Consolidation

Avoid These Debt Consolidation Loan Traps

There are many expensive consolidation services offering overnight approval. These services are not really lenders, but middlemen who promise to do things that you can do yourself.