A Sydney family struggling with combined loan repayments of $6500 a month managed to slash that by nearly $4000 by consolidating their debts and refinancing.
Tim and Katie Manners recently refinanced their home in The Oaks, near Camden in Sydneys southwest.
Mr Manners, who works in sales, had recently re-entered the workforce but the family had racked up debt while he was off due to a bad neck injury.
We were basically struggling to get money together every week, the 37-year-old said.
We didnt want to live week to week any more. We looked at refinancing with Macquarie but it was all too difficult and they werent very helpful.
Mr Manners did a bit of searching and got in touch with online mortgage platform Lendi, which helped them roll togethe…
Read the full article at: https://www.news.com.au/finance/money/costs/sydney-family-slashes-monthly-loan-payments-by-4000-but-theres-a-catch/news-story/63831454fc6f1ca83af5ff9357f8f64e