Refinancing Home Mortgage
In: Mortgage Loan
21 Sep 2010I have about £ 100,000 of equity I want to buy a new home. The new house is £ 154, they must borrow to £ 54,000. I spoke with a mortgage broker and he told me that my income is so low (1200 per month) I could borrow a maximum of 44,000 and even then he doubted anyone would hire me. I feel a bit excited – my current mortgage £ 167,000. IV, he was 3 years old and has never missed a payment. I feel trapped, because I am me and my son a better life financially, but all my money to pay the mortgage every month, am. My income has decreased since I first took the mortgage, because my work has changed since then. I never missed a payment received, and every month. The consultant suggested that my presentation, I will be transported mortgage and the mortgage, but they will re-look at my current finances and get my current mortgage. Im so tired and confused. I feel trapped in an expensive house and you just want to save only the size and money.
Yeah I am approaching the original creditor
This is about mortgage information questions.
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