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Old 01-11-2008, 07:48 PM
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Default Mortgage Advice

HiI have a unit that i live in worth 200K. I took a loan out 6 years ago for 140,000 , and have 100K owing on that. I make these repayments with my fiance quite easilyWhen is a good time to look for another property. Should i continue paying off the 100K on the current loan , getting more equity or start looking at purchasing an other unit with the 100K equity already built upWe are getting married shortly and dont know how to spend any money given to us at the wedding. Do we lump it on to the current loan, or use it as a depoist on mortgage number 2We dont owe any money to credit cards etc.....We are a young couple looking at exploring our property optionsany info would be great


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