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I'm having trouble paying my mortgage since acquiring a disability and having to resign my job. I'm getting married In December and so I just need to hang on to the house until then. Unsure as to best course of action right now. Should I :
1. Apply for financial hardship consideration from the bank again? Trouble is that the debt keeps getting bigger that way.
2. Apply for early access to my superannuation?
3. Ask a friend for an interest free loan?
Don't want to lose Newstart payment
Responses
Hi Fay, I probably need a little more information to be able to assist.
When you get married are you selling the house and contributing to another property, is this the reason for hanging on until until then?
Do you qualify for a Disability Support Pension?
What is your loan amount and repayments per fortnight?
Approaching the lender for hardship or discuss an interest only option on the loan.
Please feel free to post a response to the questions above.
Dino
Thank you so much for your answer Dino. When I get married I will rent this house out as I will move interstate to be with my spouse. It will then become an investment property. I did not qualify for a disability support pension, but really should have. Mortgage stands at 210,000. Fortnightly repayments just over $600.