Honestly, I get the appeal of rolling debt into a mortgage, but I’d be careful. You’re turning short-term debt into a 30-year commitment. That $15k could end up costing way more in interest over time. Sometimes it’s better to tackle the cards head-on, even if it stings for a bit. Just my two cents—seen a lot of folks regret stretching out consumer debt like that.
Rolling credit cards into a new mortgage: worth it?
Yeah, I’d echo that caution. Here’s the thing—when you roll $15k of credit card debt into a 30-year mortgage, you’re not just shifting the balance, you’re stretching out the pain and paying way more in interest over time. Even if the mortgage rate is lower, the sheer length of the loan means you’ll likely pay double or more for that original debt.
If you’re really considering it, run the numbers first. Figure out what your total payoff would be if you just tackled the cards directly versus rolling it into the mortgage. Sometimes people get caught up in the lower monthly payment and forget about the long-term cost. I’ve seen folks do this and end up regretting it when they realize how much extra they shelled out.
One other angle—if you do consolidate, try to keep your old credit cards open but unused, so your credit score doesn’t take a hit from closing accounts. But yeah, I’d only recommend rolling debt into a mortgage if you’ve got no other options and you’re absolutely sure you won’t rack up new card balances. Otherwise, it’s just kicking the can down the road...
I get where you’re coming from, but I don’t think it’s always a bad move. If someone’s drowning in high-interest credit card payments and can barely keep up, rolling that debt into a mortgage with a much lower rate can be a lifesaver—at least in the short term. Yeah, you might pay more over 30 years, but sometimes people just need breathing room to get back on track. I did this once when cash flow was tight, and it gave me space to actually save for emergencies instead of just treading water. Just gotta be disciplined not to rack up new card debt... that’s the real trap.
Yeah, I get that logic. I’ve seen people do this and it really does help with monthly cash flow. But man, you gotta be super careful not to treat the cleared cards like free money again. That’s where folks get burned twice. If you’re disciplined, it can work... just don’t let the cycle start over.
That’s exactly what I’m worried about. I’ve been looking at rolling some credit card debt into my mortgage, but honestly, the idea of resetting those cards to zero kind of freaks me out. I know myself—I’d probably be tempted to use them again if something came up. Has anyone actually managed to keep their spending in check after doing this? I feel like it’d be so easy to slip right back into old habits, especially with all the house expenses popping up.
