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Can I switch my loan for a cheaper rate?
My loan is crucifying me - to the point of my recent mortgage application being refused - even though it was shared ownership and a low amount, I was told to 'pay off the debt, quickly"
13K @ 14.7% is taking so long to shift it's like sinking sand.
I wonder if I can switch - perhaps suffer a penalty? I don't want to ask my bank for fear of being intimidated or trampled on by a big black horse.
Any advice really appreciated.
13K @ 14.7% is taking so long to shift it's like sinking sand.
I wonder if I can switch - perhaps suffer a penalty? I don't want to ask my bank for fear of being intimidated or trampled on by a big black horse.
Any advice really appreciated.
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