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Inc payments to loan or credit card
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
Hey,
I will be looking to remortage next year.
I have a loan which I am paying off and some 0% credit cards which I am also clearing.
I won't however be able to clear both by the time I remortage.
In terms of being accepted for a mortgage and getting accepted for a larger amount would I be best to pay an extra 500 a month to the loan or mortgage.
Obviously clearing the loan will save on interest but what do mortgage providers consider?
Thanks
I will be looking to remortage next year.
I have a loan which I am paying off and some 0% credit cards which I am also clearing.
I won't however be able to clear both by the time I remortage.
In terms of being accepted for a mortgage and getting accepted for a larger amount would I be best to pay an extra 500 a month to the loan or mortgage.
Obviously clearing the loan will save on interest but what do mortgage providers consider?
Thanks
0
Comments
-
Pay down the loan first. Though ensure you pay more than the required monthly minimum payment on the 0% credit cards.0
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