Firstly moderator feel free to move this thread. Not exactly sure where it should go.
Situation:
We want to build our own house. We have a site and cash of on hand (yes we are thankful).
However we will still need approximately E40,000 to complete the house. Not a big house
I am the principle earner but although in good health now my health history is not great. Therefore I may have difficulty obtaining mortgage protection or may have to pay a very high premium. Although I do have life insurance (got when I worked in Australia. It is a an Australia policy). Its part of a superannuation policy I have there when I was working there. It's up to date.
What are my options? Could I just simply build the house to a certain stage with the money I have and maybe apply to the credit union for a 'home improvement loan'? Just wondering.
Any advice greatly appreciated.
Thanking you in advance.
SL
Situation:
We want to build our own house. We have a site and cash of on hand (yes we are thankful).
However we will still need approximately E40,000 to complete the house. Not a big house
I am the principle earner but although in good health now my health history is not great. Therefore I may have difficulty obtaining mortgage protection or may have to pay a very high premium. Although I do have life insurance (got when I worked in Australia. It is a an Australia policy). Its part of a superannuation policy I have there when I was working there. It's up to date.
What are my options? Could I just simply build the house to a certain stage with the money I have and maybe apply to the credit union for a 'home improvement loan'? Just wondering.
Any advice greatly appreciated.
Thanking you in advance.
SL