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Here's my (probably unpopular suggestion) - pay off your personal loans & car loan first - then save up the €15k then get your landscaping done.Trouble is that i would like to landscape all around my house which would take about €15,000 to do it. Which way would be the best way to go about getting the money.
It depends on the loan. Variable rate loans can generally be paid off with lump sums at any time (e.g. credit union loans). Fixed rate loans generally have penalties for early payments. Check with the loan provider for specifics on your loans.With my personal loan and car loan, can i pay them off in lump sums
On reflecting advising people to consolidate loans into there Mortgage is not good advice,
Which in most case they finished up paying the highest rate on there mortgage not to mention all the other issues including using there home equity to live from day to day,Hi Retired
The best advice came from Rainyday - to pay down borrowings and save up to pay for landscaping.
However, for someone who already had expensive personal loans, refinancing them with a cheaper loan was good advice.
It was often discussed at the time and usually it was pointed out that although you were topping up your mortgage, you should repay the top up over the short term.
Brendan
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