Refinancing & Debt Consolidation
What is Refinancing & Debt Consolidation?
Refinancing allows you to replace your existing mortgage with a new one, often to secure a lower interest rate, reduce monthly payments, or access your home’s equity for a specific purpose.
Debt Consolidation involves rolling multiple debts (such as personal loans, credit cards, or other liabilities) into one single mortgage, often at a lower interest rate. By doing this, you simplify your financial management and reduce the overall interest you pay.
At Silverstone Financial, we offer expert advice to help you make the right decision, whether it’s to reduce your mortgage rate, consolidate debts, or unlock home equity for other purposes like renovations or investments. Silverstone Financial will help you in this process from start to end.
Why Do I Need This Service?
Refinancing and debt consolidation offer several key benefits:
Lower Interest Rates
By refinancing, you may secure a lower rate, which can save you money over time. This is especially beneficial if market rates have dropped since you first took out your mortgage.
Consolidate Debt
Reduce the number of payments and eliminate high-interest loans by rolling them into your mortgage. Consolidating can simplify your finances and make repayment easier.
Increase Cash Flow
Refinancing or consolidating can lower your monthly repayments, freeing up cash for savings, investment, or everyday expenses.
Access Home Equity
If you have built up equity in your home, refinancing could provide you with access to that equity for major purchases or home improvements, at a lower interest rate compared to personal loans.
Faster Debt Repayment
By consolidating your debts, you can create a structured repayment plan that could potentially help you pay off your loans faster.
or debt consolidation is the right solution for your needs.
How Much Can I Borrow?
The amount you can borrow when refinancing or consolidating debt depends on several factors:
The current value of your property.
The outstanding balance on your current mortgage.
Your income, expenses, and credit history.
The amount of debt you wish to consolidate into your mortgage.
Documents You’ll Need
To apply for refinancing or debt consolidation, you’ll generally need the following documents:
- Current mortgage statement.
- List of debts you wish to consolidate
- Proof of income
- Recent bank statements.
- Photo ID
- Sale & Purchase Agreement
We’ll guide you through the entire documentation process to ensure a smooth and efficient application.
Why Choose Silverstone Financial for Refinancing & Debt Consolidation?
Focused Refinancing Expertise
We specialise in finding cost-saving refinancing opportunities, helping clients reduce interest, shorten loan terms, or consolidate multiple debts into one manageable repayment.
Real Results, Not Just Advice
We’ve helped countless Kiwis unlock equity or lower repayments with smart restructuring. Our advice is always practical, with your financial freedom in mind.
Independent & Unbiased Guidance
With access to multiple lenders and no exclusive tie-ups, we prioritise what’s best for you — not the bank.
Stress-Free
Process
We review your current position, handle negotiations, and guide you every step of the way — so you can focus on what matters most.