How do I over pay mortgage with stoozing

chatterboxchris

Hi please could somebody explain how to stooze and pay more off your mortgage:rotfl:? Do you get max on 0 % credit cards and then take cash and pay off the mortage because I always thought that most cards charge if you withdraw cash or do you live off the card and pay everything else off on the mortgage ? Help I wannabe mortgage free.

dimbo61

Stoozing is getting more difficult each day with the credit crunch.
2.5/3% charge for tranfering money from other cards and limited credit limit plus short 0% offers means most stoozing now near impossible.
You cant TAKE CASH out hit with big charges!
Just overpay whatever you can each month ( if allowed )

getmore4less

www.stoozing.com

read what the inventor of the term has to say.


It only works if the total cost of the borowing is less than the costs on the mortgage.

In most cases you need excess income or a flexable mortgage

co123456

Bear in mind that some mortgage providers are now reviewing the 'borrowback' facility on their existing mortgages. If you do park stoozed cash against your mortgage, there is a risk that you might not get it back.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/5137486/Northern-Rock-makes-it-harder-to-borrow-back-on-flexible-mortgages.html