Need some advice from you all.
We purchased our house around 2 years ago from a relative at a good price. We took out an unsecured loan and a couple of interest-free credit cards to make some much-needed improvements to our home.
What we are now looking to do is consolidate the credit card debt when we come to re-mortgage. There are a couple of reasons for us not wanting to keep balance transferring them to other 0% interest cards so that option is to be ruled out.
All payments up to date, no defaults on our credit reports.
I have done a bit of research and with a more preferable interest rate, it appears we should be able to pay off the credit card debt and pay less per month on the mortgage. It is worth noting that our mortgage is a pretty poor interest rate of 4.29%.