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Why use a personal loan instead of extending my mortgage?
Why use a personal loan instead of extending my mortgage?

Common questions about personal loans

Ana Wedlock avatar
Written by Ana Wedlock
Updated over a week ago

These days, low interest rates for mortgages can make it tempting to increase a mortgage with extra debt to save you interest fees. It’s an option that’s worth considering if you have equity, but it can sometimes end up being more costly in the long run.

We’ve written about the pros and cons of extending your mortgage, to help you make an informed decision about managing debt:

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