Consolidating debt on mortgage
There's credit cards, store cards, car loans and lines of credit...And because each one has a different due date, minimum payment, and interest rate, it doesn't take long to feel like your debt is a little beyond your control.Also be aware of the temptation of the "Buy Now Pay Later" offers - make sure the funds are available to pay that bill before it is due.The interest charged on these types of offers is usually quite high, and if you don't pay it off, in full, by the due date, you may owe the interest from the time of the initial purchase.
By understanding how consolidating your debt benefits you, you'll be in a better position to decide if it is the right option for you.
Our finance brokers we are able to assist you with your mortgage planning process and determine what your long term goals are and help you achieve it.
We are able to do all the homework for your let us find you the cheapest interest rate on the market for your home loans, business loans, commercial loans, car loans and leasing.
The key is to minimize interest costs, so paying off the debt with the highest interest rates is a good starting point.
Lowering interest costs will help free up more money to pay off your other debts.