question category: Debt Consolidation

Is re-mortgaging better than taking out a personal loan?
Submitted on: 28th Oct 2008 by Non-Member | Total Answers: 1

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Re: re-mortgaging vs personal loan

If you are able to release equity in your house instead of taking out an unsecured loan you’re likely to find you are able to borrow more over a longer period of time, and have lower monthly repayments. If you are not able to keep up with the increased mortgage payments you may find that your home is at risk and you need a more serious solution like and IVA.

Submitted on: 29th Oct 2008 by TA Member

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