Comments on: Should I borrow on my secured loan or mortgage?

By: Jeff

Jeff — Tue, 22 Jun 2010 11:03:37 +0000

Als u andere schulden hebt, en u een betaling mist, kunnen zij roepen en klagen.

Als u die zelfde schulden in een lening van de huisgelijkheid consolideert, en u een betaling mist, dan kunnen zij uw huis weg nemen.

De 5-6 aandachtspunten u sparen aren' t de moeite waard het riskeren van uw huis, en it' belangrijker s dat u het hoofd aanvalt en het grootste deel van de lening, in plaats van het opslaan van een paar ponden in rente betaalt.

By: gleelogan

gleelogan — Mon, 21 Jun 2010 03:49:50 +0000

which ever one has the cheapest interest rate. if your mortgage is a balloon and not a fixed rate….get a fixed rate, 30 year refinance. find out who has the cheapest rates and points..do your homework…before U borrow!

By: Unbiased.co.uk

Unbiased.co.uk — Sun, 20 Jun 2010 13:08:00 +0000

I am concerned that you are going down the same road that led to these debts in the first place. After three years of emerging from the last crisis, it looks like the “pressure” is on again. I suggest that you do two things. 1) Reduce your outgoings 2) Increase your income.

On the first one, consolidating that loan with Barclays would cost you £196.33 per month without insurance at a typical APR of 6.8%. Check with your Bank to see if they can match that. Then choose the cheaper Provider.

Presumably, there is a reason why you are a Part-timer? Weigh up the costs of going full-time, or if not possible, of working a second job from home.

This two-pronged approach should get you off your credit treadmill. There are no victims, only volunteers!

Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to.