Consolidating credit card debt with mortgage

27-Jul-2018 02:57

If you opt to keep your repayments the same, your mortgage will take longer to pay off.

When you're choosing the term of a loan, consider the total amount of interest and fees you’ll pay.

However, it is not necessarily the win-win strategy it seems - we explain.

The idea of consolidating debt is a pretty simple one, and has been around for a long time.

To find out if debt consolidation is the right approach for you, you should consider getting independent financial advice.

See au for useful information on managing your debts.

When you're choosing the term of a loan, consider the total amount of interest and fees you’ll pay.However, it is not necessarily the win-win strategy it seems - we explain.The idea of consolidating debt is a pretty simple one, and has been around for a long time.To find out if debt consolidation is the right approach for you, you should consider getting independent financial advice.See au for useful information on managing your debts.Step 3: Explore debt consolidation options Now that you know where you stand - how much debt you owe and how much you can put towards your repayments - it’s time to set up a plan to clear it.