Hi Brendan,
My split mortgage agreement with KBC was put in place in 2017. Recently my mortgge was transferred to BOI. 129K active and 157K warehoused. In the past 3years I managed to save a bit and I got 20K inheritance. All in all I have 50K at the moment. Now, I am thinking to approach Boi to renegotiate and see if I pay a lump sum of 50K to the warehoused and write off the rest? I know this seems impossible, but I would maybe wish some of the warehoused loan to be written off if I make a substantial payment to it Any advice you can give me is very much appreciated. Thanks.
My split mortgage agreement with KBC was put in place in 2017. Recently my mortgge was transferred to BOI. 129K active and 157K warehoused. In the past 3years I managed to save a bit and I got 20K inheritance. All in all I have 50K at the moment. Now, I am thinking to approach Boi to renegotiate and see if I pay a lump sum of 50K to the warehoused and write off the rest? I know this seems impossible, but I would maybe wish some of the warehoused loan to be written off if I make a substantial payment to it Any advice you can give me is very much appreciated. Thanks.