reilly
Apprentice
Joined: 04 Sep 2006
Posts: 4
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 Posted: 06/12/08 - 10:01 Post subject: |
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| I have recently been thinking about getting a mortgage. I am under a redundancy threat and even though I already have one, I was thinking it might be a helpful solution, but I am not sure if that is really the case. Such an information could help me a lot, so if anyone could tell me, I would be grateful. |
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care
Apprentice
Joined: 21 Jun 2006
Posts: 8
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| Posted: 07/12/08 - 03:26 Post subject: |
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| Taking the offset mortgage is great, as it is one very flexible type of loan and the calculations related to it are relatively easy. It is very common for buying domestic properties, too. However, having another mortgage in such a situation is a very tricky thing. It seems to me that you should be able to profit short-term, but the question is how will you be able to pay for all the commitments once the threat becomes reality. If you have additional income sources, then it is a good idea, but if that is not the case, you should wait in my opinion. Best of luck. |
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