My income 54000
Partner 60000
Credit Union loan 28000
Credit card bill 6000
Savings 6000 credit union 2000 savings account
Mortgage 1000 per month aprox.
Mortgage cost 205000
Value of property 270000 From a high of 410000
Children 2
Question. I am thinking of changing my mortgage provider and consolidating the existing loans above. I need about 10000 Euros for a particular purpose also now.
This will mean I will need to get a mortgage of 255000.
However I am also planning to move jobs sometime early next year (2010) and will be hoping to buy a property then. (I really want to keep my existing property and rent it as its in a brilliant location)
My problem is that will my ability to buy a property in 2010 be effected badly by the fact that my new load to value ratio will not be great.
Can any one see any dangers in what i am doing?
Partner 60000
Credit Union loan 28000
Credit card bill 6000
Savings 6000 credit union 2000 savings account
Mortgage 1000 per month aprox.
Mortgage cost 205000
Value of property 270000 From a high of 410000
Children 2
Question. I am thinking of changing my mortgage provider and consolidating the existing loans above. I need about 10000 Euros for a particular purpose also now.
This will mean I will need to get a mortgage of 255000.
However I am also planning to move jobs sometime early next year (2010) and will be hoping to buy a property then. (I really want to keep my existing property and rent it as its in a brilliant location)
My problem is that will my ability to buy a property in 2010 be effected badly by the fact that my new load to value ratio will not be great.
Can any one see any dangers in what i am doing?