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Hi
Sorry was not to sure where to post this question.
I have a rented property which i am looking to get another 6 months of interest only have to apply in Oct this year. My family home is on full payment.
I am couple of payments in arrears on the rented property and am paying this off each month 300 euro extra on top of the interest only.If i get the next 6 months interest only, loans will be finished and arrears cleared.
My question:- i have just come into some money a low 5 figure some. I have a check at the moment and want to put the money some where till i figure out what to do. I know for loans the banks can check for bad loans or loan amounts is this the same as for savings. Just dont want the bank to find out about money and refuse the interest only. If i can get the interest only every thing will be great and can get back on track with full payments.
Sorry about the length of the post. Any advise will come.
Are you saying that the both loans will be paid off next year?If i get the next 6 months interest only, loans will be finished and arrears cleared.
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