Paying off multiple debts at once can be very stressful and if these debts are not managed properly, they can end up costing you more and dragging you further into debt. If you find yourself having difficulty juggling your debts, consolidating them into a single loan may be helpful in managing your repayments.
One of the ways to do this is through refinancing. Consolidating other debts usually a car or business loan, or a large credit card bill into a mortgage is among the most common reasons why many Australians refinance their home loans. However, this strategy does not work for everyone. Before opting to take this route, you need to carefully weigh the pros and cons to see if it suits your financi…
Read the full article at: https://www.yourmortgage.com.au/mortgage-news/is-consolidating-debt-into-your-mortgage-a-good-idea/276379/
