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  • FIRST POST
    • craig1123
    • By craig1123 14th Apr 18, 6:40 PM
    • 137Posts
    • 57Thanks
    craig1123
    Inc payments to loan or credit card
    • #1
    • 14th Apr 18, 6:40 PM
    Inc payments to loan or credit card 14th Apr 18 at 6:40 PM
    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
Page 1
    • Thrugelmir
    • By Thrugelmir 14th Apr 18, 10:35 PM
    • 58,190 Posts
    • 51,563 Thanks
    Thrugelmir
    • #2
    • 14th Apr 18, 10:35 PM
    • #2
    • 14th Apr 18, 10:35 PM
    Pay down the loan first. Though ensure you pay more than the required monthly minimum payment on the 0% credit cards.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
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