YOUR DEBTS
Credit cards.
Personal loans.
Bring your eligible debts into the conversation and explore a more manageable repayment structure.
Debt consolidation for existing homeowners
Life happens.
Your finances get complicated.
Debt consolidation is all we do at reducemyrepayments.com.au. We help existing Australian homeowners explore a more manageable repayment structure.
✓ 15-minute call✓ Free✓ No obligation
Specialist focus. Personal advice. Powered by 
PUT YOUR HOME LOAN TO WORK
Consolidating your debt could mean
fewer repayments to juggle.
We provide debt consolidation for existing Australian homeowners. We review your credit cards, car loans and personal loans to see whether eligible debts could be consolidated into your home-loan structure.
Credit cards.
YOUR HOME EQUITY
Your home could
help you juggle less.
Equity in your home may help you consolidate eligible debts into your home-loan structure. We'll review what is available and suitable for you.
Photography: Pixabay / Pexels and Troy Mortier / Unsplash.
Monet Finance client reviews.
Feedback from the brokerage behind Reduce My Repayments.
★★★★★“He made the whole process easy and gave great advice.”
Rachel P.Google review
★★★★★“Quick and efficient and explains things so it’s simple to understand.”
Linsay N.Google review
★★★★★“Mike is highly professional, he helped us to find the best deal that exceeded our expectations.”
Xiang T.Google review
★★★★★“Professional and extremely helpful. Would recommend.”
Glen S.Google review
★★★★★“Great to deal with.”
Simon H.Google review
Selected Google review excerpts. View at Monet Finance.
YOUR REPAYMENT PICTURE
What's leaving
your account
each month?
A few separate repayments can add up quickly. Put your monthly figures in and see the total.
Use monthly repayments, not outstanding balances. This totals what you pay now; a broker can assess the options from there.
Your monthly tally
Enter a monthly amount from $0 to $1,000,000 in each field.
Your total monthly repayments$5,240That's $62,880 a year.
Prefilled with example figures only. Enter your own repayments above. This isn't a loan quote or a savings estimate.
CLIENT EXAMPLES
Three examples.
Three different answers.
Individual examples of what a repayment strategy can look like. Your outcome will depend on your situation.
EXAMPLE 1 · Jamee & Roy (Brisbane) / FULL CONSOLIDATIONMultiple debts.
Multiple debts.
A separate loan split.
A more manageable month.
Two credit cards, a personal loan and Zip Pay were consolidated into a separate home-loan split.
CLIENT EXAMPLE · INDIVIDUAL RESULTMonthly cash-flow improvement in this example$3,500/ month
A separate split kept the consolidated debt identifiable within the home-loan structure.
One strategy, built for their situation.EXAMPLE 2 · Lee & Jem (Gympie) / PARTIAL CONSOLIDATIONSome debts combined.
Some debts combined.
Others left exactly
where they belonged.
Three credit cards were consolidated. Two novated leases were deliberately left in place because consolidating everything wasn't appropriate.
CLIENT EXAMPLE · INDIVIDUAL RESULTMonthly cash-flow improvement in this example$1,200/ month
The right outcome came from reviewing each debt individually.
A selective approach made sense.EXAMPLE 3 · Abby & Andrew (Melbourne) / NO CONSOLIDATIONSometimes, the best
Sometimes, the best
change is
no change.
Two credit cards used for points. No cash-flow pressure. Their existing arrangement suited their situation, so the recommendation was to leave it alone.
CLIENT EXAMPLE · INDIVIDUAL RESULTDebt consolidated in this example$0
A new loan wasn't the answer. An honest assessment was.
Advice before an application.These are individual client examples supplied by Monet Finance, not a promise of your outcome. Lower required repayments are not the same as lower total interest. Loan terms, fees, equity and eligibility affect results.
OUR DEBT CONSOLIDATION PROCESS
Assess. Execute.
Optimise.
Assess.
We review your home equity, income and debts, then explain suitable options and an indicative repayment estimate, including fees and the longer-term cost.
Understand your optionsExecute.
If you choose to proceed, we manage the application, lender liaison and settlement to put your agreed debt-consolidation plan into place.
From application to settlementOptimise.
We proactively monitor your home-loan rate and compare suitable options across our lender panel. When a better deal fits your situation, we help you renegotiate or refinance.
Proactive rate and loan reviews
YOUR BROKERMike Mitchell
A PERSON. NOT A CALL CENTRE.
Specialist focus.
Direct access.
Reduce My Repayments specialises in debt consolidation for existing homeowners in Australia. Powered by Monet Finance, you speak directly with a broker who can review your home equity and debts together.
Based in Brisbane and helping homeowners across Australia, we make the options easier to understand so you can decide with confidence.
Mike MitchellDirector & Mortgage Broker · Monet Finance
Meet the brokerage behind the brand BEFORE YOU MAKE A MOVE
Understand your debts.
Know your options.
Practical guides for existing Australian homeowners. Explore the questions behind the repayments, from home equity and credit cards to fees and the longer-term cost.
Start here
Explore all borrower guides Debt consolidation for homeowners: where to start
Debt consolidation through a home loan means using new or increased mortgage borrowing to pay out eligible debts. It may simplify repayments, but it does not erase what you owe. The right decision depends on affordability, the loan structure and the cost over time.
Read the guide Home loan structureHow much home equity could I use for debt consolidation?
Home equity is the difference between your property value and the debt secured against it. It is not the same as an approved borrowing amount. A lender still needs to accept the property value and assess whether you can afford the proposed loan.
Read the guide Your debtsCan I consolidate credit cards into my home loan?
Credit card balances may be considered for home-loan consolidation if the borrower, property and proposed loan meet the lender’s requirements. The decision should also address what happens to the cards after payout, so the same debt does not build up again.
Read the guideA FEW THINGS YOU MIGHT BE WONDERING
Good questions.
Clear answers.
Want to talk through your situation?
What is debt consolidation?
It combines eligible debts into a new loan or lending structure. For homeowners, that may involve their home loan. It changes how the debt is repaid; the debt is still owed.
Do I need to already own a home?
Yes. Our debt consolidation service is designed for existing Australian homeowners. Your equity, income, debts and lender requirements determine the options available.
Which debts can we look at?
Credit cards, personal loans, car loans and Buy Now Pay Later balances may be considered. Some situations, including ATO debt, need a more individual review. Not every debt or borrower will be eligible.
Will lower repayments mean I pay less overall?
Not necessarily. Spreading debt over a longer term can reduce the required monthly repayment while increasing total interest. Fees also matter. We discuss both the monthly impact and the longer-term cost.
Does requesting an appointment affect my credit score?
Sending an appointment request doesn't access your credit report or submit a loan application. Any later credit enquiry would be a separate step discussed with you.
What if I'm already struggling to keep up?
Contact your lenders' hardship teams early. Free, confidential financial counselling is available through the National Debt Helpline on 1800 007 007. A new loan may not be the right next step.
Is Reduce My Repayments a lender?
No. The service is powered by Monet Finance, a mortgage brokerage. A broker assesses your circumstances and can help arrange suitable lending; the lender decides whether to approve a loan.
LET'S START WITH THE WHOLE PICTURE
You've done enough juggling.
We provide debt consolidation for existing homeowners across Australia.