Hi all,
I am near the end of the road with my debts, my fault, I gambled that properties were going to appreciate so I could have a pension fund or house for kids when they grew up as i thought it would be next to impossible to afford a new house in the future.
In hindsight I would of had more value if I peed my extra income against the wall.
I have a good paying job which is very stressful entails long hours and much travel wife has a part time job which has had days cut.
my job is not secure.
All payments are up to date but are on interest only due to revert shortly.
Summary
Description Mortgage Value Loss Cost per month rental
Home 250K 200K -50K 900
Rental 1 250K 150K 100K 1000 750
Rental 2 200K 100K -100K 900 500
we also have debts of
Credit cards
I am near the end of the road with my debts, my fault, I gambled that properties were going to appreciate so I could have a pension fund or house for kids when they grew up as i thought it would be next to impossible to afford a new house in the future.
In hindsight I would of had more value if I peed my extra income against the wall.
I have a good paying job which is very stressful entails long hours and much travel wife has a part time job which has had days cut.
my job is not secure.
All payments are up to date but are on interest only due to revert shortly.
Summary
Description Mortgage Value Loss Cost per month rental
Home 250K 200K -50K 900
Rental 1 250K 150K 100K 1000 750
Rental 2 200K 100K -100K 900 500
we also have debts of
Credit cards
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