Honestly, you nailed a lot of the big concerns. People get caught up in the lower monthly payment and forget about the long-term picture.
- Bundling can be a lifesaver if you’re drowning in high-interest debt, but it’s not magic. You’re just moving the debt around, not erasing it.
- I’ve seen folks regret rolling in stuff like car loans—especially when they realize they’ll be paying for that car long after it’s gone.
- Flexibility is huge. Keeping debts separate means you can pay off or sell assets if you need to pivot. Once it’s all in the mortgage, your options shrink fast.
- That said, sometimes the mental relief of one payment is worth it for people, even if it costs more over time. There’s value in less stress.
You’re right to be cautious. It’s easy to get swept up by the promise of “cutting bills in half,” but the math doesn’t always work out in your favor. Trusting your gut and looking at the big picture is smart—sometimes boring and steady wins out over clever-sounding shortcuts.