Just thinking of a friends situation, worst case scenario, and options.
Assuming you are single, have a 50% mortgage, no disability or mortgage insurance and suddenly became really ill/disabled to the point you could no longer work, what would your options be?
Property is not liquid, it would take a while to access super in hardship, or Centrelink (I'd imagine), so you would quickly have mounting bills.
It just got me thinking....surely others would know of people being in a similar situation. Is there help/options/do's and don'ts. I know there is often support/funding for some common situations but I'm sure there's a lot I don't know!
Assuming you are single, have a 50% mortgage, no disability or mortgage insurance and suddenly became really ill/disabled to the point you could no longer work, what would your options be?
Property is not liquid, it would take a while to access super in hardship, or Centrelink (I'd imagine), so you would quickly have mounting bills.
It just got me thinking....surely others would know of people being in a similar situation. Is there help/options/do's and don'ts. I know there is often support/funding for some common situations but I'm sure there's a lot I don't know!