Brendan Burgess
Founder
- Messages
- 52,268
Folks
I have revised the following
Standard Format for unsustainable mortgage Case Studies
The major revision is to ask for family information to calculate the Reasonable Living Expenses
I have clarified the loan information as well. People were interpreting this differently.
I would welcome any suggestions on improving it further. I will also amend it in the light of the first few new Case Studies filled in.
It has to strike a balance between comprehensive and not putting people off. For example, I had considered asking people to calculate their Reasonable Living Expenses, but I think that would put them off.
Ideally, I would love to get to a situation where people do the following calculation for themselves, but I think it would be a bit optimistic
Net income| €3,200
Reasonable Living expenses| €1,400
Available for creditors| €1,800
Mortgage payment| €2,300
Shortfall| €500
I have revised the following
Standard Format for unsustainable mortgage Case Studies
The major revision is to ask for family information to calculate the Reasonable Living Expenses
I have clarified the loan information as well. People were interpreting this differently.
I would welcome any suggestions on improving it further. I will also amend it in the light of the first few new Case Studies filled in.
It has to strike a balance between comprehensive and not putting people off. For example, I had considered asking people to calculate their Reasonable Living Expenses, but I think that would put them off.
Ideally, I would love to get to a situation where people do the following calculation for themselves, but I think it would be a bit optimistic
Reasonable Living expenses| €1,400
Available for creditors| €1,800
Mortgage payment| €2,300
Shortfall| €500