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SarahSmyth32
Guest
Hiya thanks for taking the time to read our problem!
Ok we are a young couple (34 & 33) with one child he is aged (2)
We have been struggling for the past 2 years with our mortgage and short term debt, so far mabs have helped with the short term debts and I think we are coping with that but we keep falling behind with our mortgage, we have had it interest only for past 4 years (extended as much as they could and restructured once already and are now €3k + in arrears (we actually owe more now to bank than we did at start) the house like all houses these days is in negative equity but by a lot its (-€250,000.00)
Think that’s all the background info you will need!
These are the options I think we have, just need some advice to see are we doing the correct thing!
Option 1: Keep things same and hope I get a job, but where the house is located the jobs are very scarce, I have been trying months to get any kind of job and have not even got a interview and my husband has a job but the salary is not covering our bills.
Option 2: Voluntary surrender, I know this is a last resort but I honestly think this is where we are, my husband has been offered a very good paying job a few hours from where we live now, (its too far to commute) but if we got out of the house we would definitely have a a better quality of life and be able to afford everything.
What would you do.......
Ok we are a young couple (34 & 33) with one child he is aged (2)
We have been struggling for the past 2 years with our mortgage and short term debt, so far mabs have helped with the short term debts and I think we are coping with that but we keep falling behind with our mortgage, we have had it interest only for past 4 years (extended as much as they could and restructured once already and are now €3k + in arrears (we actually owe more now to bank than we did at start) the house like all houses these days is in negative equity but by a lot its (-€250,000.00)
Think that’s all the background info you will need!
These are the options I think we have, just need some advice to see are we doing the correct thing!
Option 1: Keep things same and hope I get a job, but where the house is located the jobs are very scarce, I have been trying months to get any kind of job and have not even got a interview and my husband has a job but the salary is not covering our bills.
Option 2: Voluntary surrender, I know this is a last resort but I honestly think this is where we are, my husband has been offered a very good paying job a few hours from where we live now, (its too far to commute) but if we got out of the house we would definitely have a a better quality of life and be able to afford everything.
What would you do.......