That would be fraud.I know but I won't be telling the lender I've a credit union loan.
No greater dead money than paying morgage when in negative equity.
I cannot understand this. You pay your mortgage, at the end of the term you own a house. You rent a house, you never own it and are paying rent into your retirement.
Negative equity will not affect either.
My deepest sympathies.My house deposit was funded by a credit union loan. I am in the house 2 years now!
My deepest sympathies.
I cannot understand this. You pay your mortgage, at the end of the term you own a house. You rent a house, you never own it and are paying rent into your retirement.
Negative equity will not affect either.
In fairness, there are plenty of houses out there, and I don't think anyone will seriously be convincing when saying that there could be a v-shaped recovery in house prices, and that you'll lose out if you don't catch the bottom. Stay put, save your money, and be under less pressure if/when you buy your house.I have been managing to save 1k per month so I am thinking of just keep saving away, it just I'm paranoid I'll never own a house.
Thanks Darwi, I think you are right, the social pressure is probably one of the reasons for me wanting to buy a house. Sick of being asked by everyone "are you still renting, oh that's dead money etc..."
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