A
ARTmc
Guest
HI,
I am a new user here and am looking for some helpful information and guidance.
Here is the situation.
i own a house with my boyfriend. We have been together over 5 years so we think it is a sound investment. Now the situation has arisen that my boyfriend wants to go back to college (an extremely expensive college). I am more than happy about this as he will finally be doing something he loves. Now the promlem is in our house. We simply cant afford to keep the mortgage and pay his college loan. He cant work for the space of 12 - 14 months and i would not be making a good enough wage to pay them and support him.
Is there any way of diferring our mortgage for a year without running up a massive interest bill that we are only going to incur at a later date anyway, (or what are the options in that area.) Our mortgage is new so interest only is not cutting the payment enough. or would our best option be to sell and start again when he gets out of college? (i quite like the idea of building our own place)
Renting the property is out. The rental market where i live is nill.
Does anyone have any sound advice??
I am a new user here and am looking for some helpful information and guidance.
Here is the situation.
i own a house with my boyfriend. We have been together over 5 years so we think it is a sound investment. Now the situation has arisen that my boyfriend wants to go back to college (an extremely expensive college). I am more than happy about this as he will finally be doing something he loves. Now the promlem is in our house. We simply cant afford to keep the mortgage and pay his college loan. He cant work for the space of 12 - 14 months and i would not be making a good enough wage to pay them and support him.
Is there any way of diferring our mortgage for a year without running up a massive interest bill that we are only going to incur at a later date anyway, (or what are the options in that area.) Our mortgage is new so interest only is not cutting the payment enough. or would our best option be to sell and start again when he gets out of college? (i quite like the idea of building our own place)
Renting the property is out. The rental market where i live is nill.
Does anyone have any sound advice??