We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Xfr balances to mortgage?

Klug
Posts: 216 Forumite
in Credit cards
Hi all
Looking for some advice please. A year ago we had an extension built
which no surprise ran over budget by about 7K. We had to manage it
with our c/cards and are left with high balances.
Would it be adviseable to xfr the c/card balances to the mortgage as we are struggling with the repayments on the c/cards? After all it is a growth to the home? Was hoping to manage the card balances but they are not going down very much.
Many thanks for any advice given...
Looking for some advice please. A year ago we had an extension built
which no surprise ran over budget by about 7K. We had to manage it
with our c/cards and are left with high balances.
Would it be adviseable to xfr the c/card balances to the mortgage as we are struggling with the repayments on the c/cards? After all it is a growth to the home? Was hoping to manage the card balances but they are not going down very much.
Many thanks for any advice given...
0
Comments
-
This would mean remortgaging altogether. The interest would be cheaper on the surface of it but you would pay more interest as you would like at a longer term to pay it off. If your credit files in tact why not try for a 0% balance transfer card?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 349.9K Banking & Borrowing
- 252.7K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 242.9K Work, Benefits & Business
- 619.7K Mortgages, Homes & Bills
- 176.4K Life & Family
- 255.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards