1 house rented
value 150k maybe
mortgage 200k interest only 2.5%
4 years in to 20 year period
payment 250 pm
rented tipping along ok.
2 apt
value 150k maybe
mortgage 200k
payment 700 pm
currently living here
rental is strong due to location should acheive 850pm
obviously this leaves me in neg equity of about 100k
Currently saving about 1200 pm
Savings 80k 15k in medium term savings for 5yrs.
Girlfriend living at home.
Owes 30k in unsecrued debt.
paying off never missed a payment.
We have seen a place that would suit us both better.
Price is 145k
If I could get the apt rented what would be the chances of getting a mortgage?
value 150k maybe
mortgage 200k interest only 2.5%
4 years in to 20 year period
payment 250 pm
rented tipping along ok.
2 apt
value 150k maybe
mortgage 200k
payment 700 pm
currently living here
rental is strong due to location should acheive 850pm
obviously this leaves me in neg equity of about 100k
Currently saving about 1200 pm
Savings 80k 15k in medium term savings for 5yrs.
Girlfriend living at home.
Owes 30k in unsecrued debt.
paying off never missed a payment.
We have seen a place that would suit us both better.
Price is 145k
If I could get the apt rented what would be the chances of getting a mortgage?