I get the logic, but honestly, rolling credit card debt into a mortgage makes me nervous. Here’s why:
- You’re turning short-term debt into long-term debt—could mean paying way more in interest over time.
- Secured vs unsecured: now your house is on the line if things go sideways.
- Sometimes it feels like robbing Peter to pay Paul... just with lower payments.
I’d rather tackle the cards head-on, even if it stings more upfront. Just my two cents.
I’ve seen folks regret rolling credit card balances into their mortgage, especially when they realize they’re still paying off that old pizza order ten years later. The lower payment looks good, but you’re right—now your house is on the line if things go south. I usually tell clients to be really cautious with this move. Sometimes a quick fix just stretches out the pain.
I get why people are tempted by the idea—wrapping high-interest debt into a mortgage can make monthly payments look way less intimidating. But stretching that pizza order (or whatever impulse buy) over 30 years just doesn’t sit right with me. You save on interest rate, sure, but you end up paying more in the long run because of the extended term.
I’ve watched a friend do this and, honestly, they felt relief at first... then realized they’d just traded one kind of stress for another. Now, instead of hustling to pay off a credit card, they’re worried about their house if things go sideways. That’s a lot of risk for what’s basically a short-term cash flow fix.
If someone’s thinking about this, I’d say it’s only worth considering if they’re also committed to not running up those cards again. Otherwise, it’s just kicking the can down the road—and making it heavier.
Now, instead of hustling to pay off a credit card, they’re worried about their house if things go sideways. That’s a lot of risk for what’s basically a short-term cash flow fix.
That line about “kicking the can down the road—and making it heavier” hits hard. I get the appeal of rolling debt into a mortgage for that lower rate, but honestly, tying your house to old credit card habits seems risky. I’ve seen people celebrate the initial relief and then regret it when they realize just how much more they’ll pay over decades. Unless someone’s 100% sure they won’t rack up more card debt, it’s a trap. You’re trading one problem for another, and this one can put your home on the line.
I’ve seen folks get caught up in the idea of “cheaper monthly payments” and totally miss how much more interest they’ll shell out over 20-30 years. The math just doesn’t favor you unless you’re dead set on never touching the cards again. Honestly, putting your home at risk for old spending habits isn’t a trade-off I’d recommend lightly.
