Home Equity Loan
Help to save home & credit rating, $25000 super, no defaults as yet, expect no income for 3 mths, no equity?
Lost employment contract just before Xmas, no income, no savings, small home equity. Mortgage brokers cannot help me. My credit cards are almost maxed ($30,000) but I expect to be employed soon. I can afford either credit card repayments or home loan repayments, not both. Do I let home payments default and then claim hardship from super fund. Can anyone tell me the best procedure or a simple solution. I am 52 years old and would like to keep my excellent credit rating if possible.
Public Comments
- Consolidate your debts so you have one monthly payment for both. That's a start to get you back on track. Talk to your bank, they will work with you. Good luck
