great post.one more point to add, and the most crucial.HAVE AN...

  1. 440 Posts.
    great post.

    one more point to add, and the most crucial.

    HAVE AN EXIT STRATEGY.

    if you can't weather the storm you could lose more if you hold on for longer.

    i.e.
    debt - 300k
    payments - 1200 p.m

    - you lose your job and hold for 6 months:
    debt - 300k + 1200 x 6 = 307,200 + interest inceases

    cheers,
    Miike
 
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