J
jentomgrant
Guest
Hi I am a new poster here and hope that I can get some advice on whether to consolidate our loans with our mortgage.
We have 2 loans outstanding, which total to 26K
Loan # 1 = €565pm for 2 more years
Loan # 2 = €270pm for 4 more years
We also have a mortgage which is €1638pm
With interest rates increasing all the time we have come to a situation where our incomings are just about matching our outgoings and I am afraid of not having anything left over incase of emergencies ("rainy day" scenario!).
Im just wondering would we be better off consolidating both these loans with our mortgage? Would this make much of a difference and is there some reason why consolidation would be a bad idea? Any other suggestions? Really appreciate anyones advice on this.
We have 2 loans outstanding, which total to 26K
Loan # 1 = €565pm for 2 more years
Loan # 2 = €270pm for 4 more years
We also have a mortgage which is €1638pm
With interest rates increasing all the time we have come to a situation where our incomings are just about matching our outgoings and I am afraid of not having anything left over incase of emergencies ("rainy day" scenario!).
Im just wondering would we be better off consolidating both these loans with our mortgage? Would this make much of a difference and is there some reason why consolidation would be a bad idea? Any other suggestions? Really appreciate anyones advice on this.