Hakan restructued his investment loans to manage his debt.
For Hakan, a restructure of his existing investment home loans and financial commitments paved the way to eradicate his credit card debt and help him take better control of his finances.
“I went to Smartline knowing there was a better way to manage my personal finances. Balancing my day-to-day expenditure with loan repayments and credit card debt was becoming increasingly difficult,” Hakan said.
Hakan had investment loans for two properties and inaddition to this, he had access to a line of credit facility for business use.
Smartline Mortgage Broker Cathy Anderson restructured his existing loans to incorporate an additional line of credit that Hakan could use for his own personal expenditure.
“The restructure dramatically reduced the interest on Hakan’s personal living expenses – with the interest rate on the line of credit being just one third of the average credit card interest rate,” Ms Anderson said.
According to Hakan, the restructure has already paid off as it has eliminated the stress of managing his debt and the closure of all but one of his credit card accounts.
“I am glad to have restructured my finances. It’s provided me with a level of financial flexibility and control I’ve never experienced,” Hakan said.
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buying my first home
