These days lots of people have debts building up but never address the issue, one of the best ways of saving money on credits cards is speak with mortgage advisors about taking out a debt consolidation mortgage and using the equity in your property to pay off the cards with. When you consolidate debt onto the mortgage you will have paid off all your cards, now the best thing to do here is cut the cards up and never use them again. A lot of people don’t do this and before they know it they have racked up more debt and need to take another debt consolidation mortgage to pay them all off.
If you find yourself in this situation it is always best to speak to mortgage advisors that understand this type of scenario. Some mortgage brokers specialise and will not know how to arrange this type of mortgage.
The other way of paying off debt quickly and you are tied in with your current mortgage provider is to take out a secured loan also known as a second charge mortgage as the debt is tied to the property. Secured loans are easy to arrange and most mortgage advisers these days will be able to help you with this.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment