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Remortgage and Pay off credit cards
Jim28
Posts: 32 Forumite
Hi all
I have a dilemma and need advice. I have the possibility of getting a 4.9% mortgage deal but need to pay off my £3,500 credit card debt which is currently residing on interest free cards. The only way I can do this is to add the £3,500 to my mortgage.
Even when I do this my monthly payments are way lower than on the next best deal of 5.65%. I appreciate that in effect I am moving the £3,500 from interest free to 4.9% but I do get the lower monthly payments...
What do people think?
Many thanks in advance!
Jim
I have a dilemma and need advice. I have the possibility of getting a 4.9% mortgage deal but need to pay off my £3,500 credit card debt which is currently residing on interest free cards. The only way I can do this is to add the £3,500 to my mortgage.
Even when I do this my monthly payments are way lower than on the next best deal of 5.65%. I appreciate that in effect I am moving the £3,500 from interest free to 4.9% but I do get the lower monthly payments...
What do people think?
Many thanks in advance!
Jim
0
Comments
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Sounds good to me."Brevity is the soul of wit and it is also the essence of effective communication" Rush Limbaugh.0
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Sounds silly to me.
But its all about what you can afford. Youve not really given a great deal of information
Personally id keep the zero percent credit cards when one deal is nearly done apply for a new one with another company.
Look up rate tarting, offset mortgages and stoozing!0
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