Can anyone explain to me the advantage or disadvantages of consolidating car and or other debts onto your home loan?
In my case it would be $9000 left on the car and about $3000 on a credit card. Does it save money and how much would that amount increase our mortgage repayments? Or possibly more expensive in the long term but cheaper in the short term if struggling a bit financially? (yes, we are starting to feel the effect of the economic slump in dh pay packet)
I learn about this sort of stuff on the fly and this particular part I don't know much about yet.
Thanks.