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Borrow on a 0% CC to pay a lump sum on a mortgage
robinseston
Posts: 1 Newbie
Hi
I am new so apologies if I have done this wrong.
My question is.
Would be better to use a 0% Credit Card to pay a lump sum off a mortgage or increase monthly payments to over pay on the mortgage.
The monthly payments would be the same per month on either media, but which one would be most advantages in the long term.
Many thanks
Robin
I am new so apologies if I have done this wrong.
My question is.
Would be better to use a 0% Credit Card to pay a lump sum off a mortgage or increase monthly payments to over pay on the mortgage.
The monthly payments would be the same per month on either media, but which one would be most advantages in the long term.
Many thanks
Robin
0
Comments
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Called stoozing.
Much harder these days with the fees.
When you could get the money for free and offset so no risk of falling onto the high rate 40k+ was quite common0 -
mad idea.
if your world changes you will have a chunk of debt drifting into 15%+ ratesI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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