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We have debts – can I have a home loan?

We have debts – can I have a home loan?

You realize home financing will definitely cost exactly the same or significantly less than your lease that you’ve paid without issues for decades – therefore it’s apparent you really can afford the home loan.

You are struggling to make debt repayments , the mortgage lender is likely to see that and you are very unlikely to get a mortgage if you know. You will need to invest many years having your debts right down to more levels that are easily manageable.

If you should be in a financial obligation administration plan you might be additionally planning to battle to get home financing.