Refinancing › Can I consolidate debt when I refinance?

Can I consolidate debt when I refinance?

Yes. Refinancing can roll higher interest debts such as personal loans, car loans or credit cards into your home loan, usually at a much lower rate. The trade off is that a short debt can become a long one unless you keep repayments up.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

Consolidating into a home loan can dramatically cut the interest rate on other debts and simplify repayments to one. The catch worth understanding is term: stretching a five year car loan over twenty five years lowers the repayment but can raise the total interest, so it suits a plan, not a default.

The key points

Higher interest debts roll into the home loan at a lower rate.
Repayments are simplified to one.
Watch the longer term, which can raise total interest.

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Last reviewed: June 2026

General information only. This page provides general information about home loans and is not financial or credit advice, a quote, or a guarantee, and your personal circumstances have not been considered. Lending policies, interest rates, fees and eligibility vary by lender and change over time. Always confirm your own situation with a licensed mortgage broker or lender before acting. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.