Loan funds, would love opinions…
Option 1, borrow on mortgage, 50k, 270 a month repayment, two year fixed.
Option 2, normal line for 23k, 440 repayments fixed for 5 years, plus borrow the rest off family and payback within a similar time frame.
I see benefits in both, but unsure. Hive mind?
Have you used up all your interest free credit card options?
What are the respective interest rates?
I know you say you’re not keen on CCs but you should be able to borrow a fair bit on an interest free one - which would save you £ with only a little organisation
@chrisbmx116 started
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Loan funds, would love opinions…
Option 1, borrow on mortgage, 50k, 270 a month repayment, two year fixed.
Option 2, normal line for 23k, 440 repayments fixed for 5 years, plus borrow the rest off family and payback within a similar time frame.
I see benefits in both, but unsure. Hive mind?