I'm hoping someone here can help answer a question.
I have a home loan for a house I bought last December. We need to do some renovations on the shed so that my DP can do some work from home. I also need to get rid of my credit card debt. I was reading yesterday that it is possible to increase your home loan amount in order to do renovations or consolidate your debt (by adding enough to cover the renovations and paying off my credit card). Does anyone know if this is true for all banks?
Can anyone give any extra advice on the subject?
I really need to reduce the amount I'm paying each month, not add too much more to it by getting a personal loan.