How does debt consolidation work?

If you own a property, consolidation is often done by refinancing your home loan and increasing your loan to pay out existing debts. This allows you to roll higher-interest debts into a lower-rate home loan.

Debt Consolidation

Q: What types of debt can be consolidated?

We commonly help clients consolidate credit cards, personal loans, car loans and finance, store cards and buy-now-pay-later, and tax debts in some cases.

Q: Why consider debt consolidation?

When structured correctly, debt consolidation can reduce your overall monthly repayments, improve cash flow, simplify your finances, potentially reduce interest costs, and help you get back on track financially.

What is debt consolidation?

Debt consolidation means combining multiple debts into a single loan, usually secured against your home (if applicable).

Instead of managing multiple repayments, interest rates and due dates, you’ll have:

One repayment
One interest rate
One clear strategy

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Solstice Insight

Debt consolidation isn’t just about convenience—it’s about creating a more sustainable financial position.

What types of debt can be consolidated?

We commonly help clients consolidate:

Credit cards
Personal loans
Car loans and finance
Store cards / buy-now-pay-later
Tax debts (in some cases)

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How does it work?

If you own a property, consolidation is often done by:

Refinancing your home loan
Increasing your loan to pay out existing debts

This allows you to roll higher-interest debts into a lower-rate home loan.

Why consider debt consolidation?

When structured correctly, it can:

Reduce your overall monthly repayments
Improve cash flow
Simplify your finances
Potentially reduce interest costs
Help you get back on track financially

Book a free consultation with Solstice Finance

Solstice Insight

Lower repayments don’t always mean you pay less interest overall—structure matters. If you don’t increase your repayments you could end up paying more interest in the long run.

Our approach

We take a more strategic approach to debt consolidation.

We:

Understand your full financial position
Structure the loan to balance short-term relief and long-term outcomes
Help you avoid falling back into the same cycle
Ensure the solution actually supports your goals

Book a free consultation with Solstice Finance

Solstice Insight

Debt consolidation using equity can be powerful—but it needs to be structured carefully to avoid increasing long-term costs.

Using equity for debt consolidation

If you own a property, you may be able to use your equity to consolidate your debts.

What is equity?

Equity is the difference between:
👉 Your property’s value
👉 Your remaining loan balance

How lenders look at equity

Most lenders will allow borrowing up to 80% of your property’s value (sometimes more, depending on the situation).

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Example:

Property value: $800,000
Loan balance: $500,000
Useable Equity: $140,000 (80% of property value $640,000 less loan $500,000)

A portion of this equity may be available to use to consolidate your debts.

Why this can help

Using equity may allow you to:

Replace high-interest debt with a lower-rate home loan
Reduce your monthly repayments
Simplify everything into one loan

Why clients choose Solstice Finance

Personalised, judgement-free guidance
Clear and honest advice
Strategic approach (not just quick fixes)
Access to a wide range of lenders
Ongoing support and regular reviews

What it’s like to work with us

We start with a conversation about your situation
We review your debts, income, and goals
We design a strategy tailored to you
We manage the refinance or consolidation process
We help you stay on track moving forward

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Why regular reviews matter

Your situation will change over time—and your loan should keep up.

We’ll help you:

Review your loan regularly
Ensure it remains competitive
Adjust your strategy as needed

Megan was fantastic. From the time I contacted her to the time of settlement was an astonishing 3 weeks. Cannot recommend highly enough.

Lauren

Home Loan Refinance

“We can’t recommend Solstice Finance highly enough! They have been amazing throughout our entire build journey, from the very beginning right through to the end. The team was always professional, patient, and incredibly helpful, making every step of the finance process so much easier and less stressful. We’re so grateful for all their support and couldn’t have done it without them!”

Lucie

Construction Loan

“Kylie assisted my business partner and me in securing a commercial loan for a new business acquisition. Her communication—and that of her team—was exceptional, which made a significant difference in getting the deal finalised in time for settlement. Through her strong relationships with multiple banks, Kylie ensured we secured a highly competitive deal with the right relationship manager. We’re extremely pleased with both the outcome and the efficiency with which she arranged the finance. We will definitely be recommending Kylie and look forward to working with her again in the future.”

Steve

Commercial Purchase

Ready to simplify your finances?

If you’re feeling overwhelmed by multiple debts, the first step is a conversation. Let’s create a plan to get you back in control.

Book a free consultation with Solstice Finance

Or send us a message and a team member will be in touch soon.

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Debt Consolidation

Simplify your finances and take back controlIf you’re juggling multiple debts— credit cards, personal loans, car finance — it can start to feel overwhelming.