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Posted: Wed Jun 29, 2005 9:24 pm Post subject: transfer from credit cards

Is it a good idea to transfer the balances from my existing credit cards and personal loans into my offset Mortgage?

Jessica · Posted: Thu Jun 30, 2005 12:20 am Post subject: RE:

Hi Guest.

Welcome to MortgageFit forum.

Yes it is a good idea to transfer the balances from your existing credit cards and personal loans into an offset mortgage. This is because all your borrowings within an offset mortgage is at a mortgage rate which is much lower than the standard rates charged on personal loans and credit cards.

Further in an offset mortgage you have the liberty to repay parts of the loan as early as possible. So there is complete flexibility.

Please feel free to send further queries.

Regards
Jessica

warghade_s · Joined: 05 Nov 2009 Posts: 2 1.17 Dollars($)

Hi Guest,

Welcome to mortgagefit forum;

I think it really good idea to tranfer the balance from your existing credit card.

gmakerley · Posted: Thu Nov 05, 2009 10:18 am Post subject:

you've been found out again.

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transfer from credit cards