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imagination exercise
mardukkk
Posts: 1 Newbie
Hi guys,
I am in a bit of a dilemma. help!
background:
Single. 90k/year. 35 years old. I have a mortgage of 60% LTV (aprox. 120k). Value of the house 190k
proposition:
I need 25k-50k for a business venture.
ideas:
1. remotgage to 80%; bank-money=34k; the same 2,99% as it is now.
2. remortgage to 90%;bank-money=52k; 3,99%
3. remotgage to 60%; 1,75%; capital money from a 2 yrs loan with 4,9% (max 25k)
If there are any other good possibilities, pls put them down!
Basically it's a 'what would you do if you would be in my position'-type of question! What is the cheapest way to rise some money in these conditions.
tx a lot,
dan
I am in a bit of a dilemma. help!
background:
Single. 90k/year. 35 years old. I have a mortgage of 60% LTV (aprox. 120k). Value of the house 190k
proposition:
I need 25k-50k for a business venture.
ideas:
1. remotgage to 80%; bank-money=34k; the same 2,99% as it is now.
2. remortgage to 90%;bank-money=52k; 3,99%
3. remotgage to 60%; 1,75%; capital money from a 2 yrs loan with 4,9% (max 25k)
If there are any other good possibilities, pls put them down!
Basically it's a 'what would you do if you would be in my position'-type of question! What is the cheapest way to rise some money in these conditions.
tx a lot,
dan
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