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Are you drowning in debt
and Tired of your creditors calling you!
Do you have any of these issues
below that are causing financial stress:-
-
high interest credit cards
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store cards
-
personal loans
-
business loans
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2nd mortgages
-
car loans
Oops Home Loans can roll all of
these into one easy repayment by combining them with your mortgage. This can
potentially reduce your payments considerable each month.
How Does This Work
The Story
Jim and Suzie were visiting family in New Zealand and
expecting their 4th child. Suzie become seriously ill and had to
have total bed rest for the last 21 weels of her pregnancy. Jim had no extra
holiday leave available so had to take 6 months off work without pay to look
after his children and wife. To help get through this period Jim took out a
couple of personal loans totalling $50,000, plus they ran their credit cards up
to the limits of $21,000. They got through this time and managed to pay for the
medical bill and their little boy was delivered safely. Jim has now gone back
to work but the pressure of paying the personal loans, mortgage arrears and the
credit card it is all getting too much.
They are 3 months behind in their mortgage payments, the
bank has threatened legal action and they have defaulted on one of their credit
cards
The Solutions
They approached Oops Home loans who were able to
assist and reduce their monthly outgoings by combining all of the loans into
the mortgage payment.
When they phoned Oops Home Loans we immediately set out to
save the family home and get them back on track again. Now Jim is back at work,
is earning an income and we can now move forward and see a future from the life
changing incident.
| Details |
Owe |
Value |
Monthly
Repayments |
| Refinance Current Home
Loan |
$200,000 |
$420,000 |
$2,261 (This was in arrears and
they were paying a default fee) |
| Payout Credit Card |
$11,000 |
|
$330 Plus missed payment
charges |
| Payout overdrawn credit card |
$10,000 |
|
$300.00 Plus missed payment
charges |
| Payout Personal Loan |
$51,000 |
|
$1,160 Plus missed payment
charges |
| Total Monthly Payment Before Debt
Consolidation. |
|
|
$4,051 |
| Associated charges for
refinance |
$3,690 |
|
|
| New Repayment After Debt Consolidation with Oops |
$276,000 |
$420,000 |
$2,557 |
| Savings per
month |
|
|
$1,494 * |
* This is based on the above
scenario. Each client's situation is different.
With a new structure, the monthly repayment is $2,557 a saving
of $1,494.00 per month. Jim and Suzie are now able to enjoy life with their
baby and other children without the financial stress they had before.
Please do not get left in this kind of predicament, let us
help you the best possible was we can! If you would like a personalised home
loan health check, or scenario, please do not hesitate to contact us or apply online .
COMPLETE OUR
ONLINE APPLICATION OR CALL NOW TO APPLY OR TO FIND OUT MORE ON
PH: 1300 796 561 or FAX: 1300 552 476
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