Hi all,
I just got a house and the only way i could have got the home loan was to take out a personal loan from the bank to finance the 10% deposit.
the bank charges double the interest i get for my home loan..so far i have paid 25% of it.
is it possible to consolidate this personal loan into my home loan? even when the home loan repayments hasnt even kicked in...
at the same, my spouse has been promoted and is earning double per week...which may help in our case...
but what implications may happen? extra fees?
What other things should i consider?
Any ideas and experiences?
Many thanks.