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Thank you Tom, Back to the bat Cave (seaford) so to speak."Chelsea IP now". Interest only loan. Still paid deposit to eliminate LMI as unknowledgable, Nieve and new to this world. My parents have made mistakes and never tried to better them selfs and i suppose where happy to have a roof over our heads and food. I dont want to be in the same predicament. Thankyou for your advice tom also.
Kind Reagards
MichaelM
Thank you so much Jamie. Yes, i think it was a case of us making the wrong decisions based on not enough communication with people who have been there and a having our financial institution suggest our Investment needs. "CBA". And us both not thinking of tomorrow, " Will it become a IP" I think we are extremely uneducated in the matter of investment strategies as well as misguided by family members and friends saying "Its great just buy any property and pay off as much as you can and one day you will own a house", wow. I want to learn and i want to achieve something i didnt think i could. I have been questioning for months to my partner, it does not add up, Our petty cash is not doing anything but escaping from the Jar. And being caught up in the moment and not having good people like your self or researching before jumping into loans has got me into this predicament. I have since today changed my loan on chelsea to "interest only" and i have made a appointment to now speak with Yellow Brick road. We are now looking at facing reality and staying in seaford renting chelsea and living uncomfortable to be comfortable. Thank you so much for your time and knowledge.
Kind Regards
Michael Mac
