M
munsterchap
Guest
Hi Forum,
First post so go easy!! I am a FTB looking to start the process of getting a mortgage. I am (32) married but it looks as though it may be a single applicant mortgage due to my wife being out sick (1 year) as she is receiving treatment for cancer although she has been in employment for 6 years with her employer and they continue to pay her (earns 25k).
I earn circa 85K per yer and have savings of 15k with some more in the credit union. The problem is that I have three outstanding loans all of which I am able to pay and have done without problem for some time without missing payment.
Credit Card 14k
Personal Load 10K
Car Load 9K
I continue to pay the interest on my CC which is killing me but am due a cash windfall this December which will allow me to clear both my credit card and personal loan....
As this will leave me with a lot more each month for savings and disposable cash, should I wait some time to apply or can this be done just after they are cleared. We are currently paying 1300 a month for rent in the same house for over 4 years and are desperate to have our own house.
Looking forward to any comments ...
Thanks
First post so go easy!! I am a FTB looking to start the process of getting a mortgage. I am (32) married but it looks as though it may be a single applicant mortgage due to my wife being out sick (1 year) as she is receiving treatment for cancer although she has been in employment for 6 years with her employer and they continue to pay her (earns 25k).
I earn circa 85K per yer and have savings of 15k with some more in the credit union. The problem is that I have three outstanding loans all of which I am able to pay and have done without problem for some time without missing payment.
Credit Card 14k
Personal Load 10K
Car Load 9K
I continue to pay the interest on my CC which is killing me but am due a cash windfall this December which will allow me to clear both my credit card and personal loan....
As this will leave me with a lot more each month for savings and disposable cash, should I wait some time to apply or can this be done just after they are cleared. We are currently paying 1300 a month for rent in the same house for over 4 years and are desperate to have our own house.
Looking forward to any comments ...
Thanks