Good day everyone !
How is everyone doing in March ? Doing good ? How's work ?
Making tons of money to make up for your repayment of your various loans ?
Do you have a home mortgage loan that you are currently servicing ? Tied down heavily by it ?
The general advice is not to overtax yourself. If you cannot financially repay your monthly mortgage premiums, i suggest you approach your current lender for a reassessment or even to refinance your loan to a lower monthly payment cycle but of course resulting in a longer repayment term.
But at least, if you are just starting out, you will not be too over-stressed with having to pay for the montly fees. Once you get a higher pay and finances are no longer as tight, you can always redo your mortgage package and lower your repayment period.
Do not over borrow than you can afford to manage your repayments ! Do not use what you cannot afford or you will end up in various issues like foreclosure and other stuff when you default.
How is everyone doing in March ? Doing good ? How's work ?
Making tons of money to make up for your repayment of your various loans ?
Do you have a home mortgage loan that you are currently servicing ? Tied down heavily by it ?
The general advice is not to overtax yourself. If you cannot financially repay your monthly mortgage premiums, i suggest you approach your current lender for a reassessment or even to refinance your loan to a lower monthly payment cycle but of course resulting in a longer repayment term.
But at least, if you are just starting out, you will not be too over-stressed with having to pay for the montly fees. Once you get a higher pay and finances are no longer as tight, you can always redo your mortgage package and lower your repayment period.
Do not over borrow than you can afford to manage your repayments ! Do not use what you cannot afford or you will end up in various issues like foreclosure and other stuff when you default.
