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Applying for mortgage with DMP
BIG_TONY_3
Posts: 3 Newbie
My wife and I have a DMP with CCCS. We could re-mortgage our house and clear all of our debts with the equity. The mortgage payments that we would be paying would be less than what we are paying now in mortgage and DMP payments. Is/has anyone else gone through this, and what is the reaction of mortgage lenders (as the DMP shows up on credit reference agency files)?
Current DMP payment 430
Current Mortage payment 300
Total 730
New Mortgage payment 600
Current DMP payment 430
Current Mortage payment 300
Total 730
New Mortgage payment 600
0
Comments
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Hi Tony,
If this is something you are thinking about, I would suggest you give us a call as we can give you some more indepth advice about this and point you in the right direction.
Regards,
CCCSI am a Debt Counsellor that works for the CCCS and have specific permission from Martin, to post on these boards to try and help those in debt. Read more information on the CCCS and what it does in the Debt Problems: What to do and where to get help article.
CCCS is a registered charity, and there is no charge whatsoever for any of the services we provide to our clients. We take great pride in offering first class help and advice, but we only offer this where we have been able to fully explore and understand your circumstances with you. We want to help you understand these choices and their possible implications but not make them for you.0
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